Tagged: corn

Farmers in Missouri, Illinois and much of the Midwest are having a tough time getting their corn planted.

The US Department of Agriculture says in Illinois just 7 percent of the corn crop is in the ground; while in Missouri it’s 22 percent.

Usually, nearly half of the nation’s corn has been planted by this time.

The National Corn Growers Association vice president Paul Bertels says it’s not just the rain that’s been a problem.

Standing outside the Central Minnesota Ethanol Co-Op in Little Falls, Minn., there's not a lot going on. The pungent smell of fermentation that typically hangs in the air here is absent. And trucks piled high with corn are nowhere to be seen.

They're idled in part because of high corn prices. And it's unclear when that will change.

"Most of the industry is just breaking even in terms of profitability or actually running at slightly negative margins," says Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association.