Sterling Liddell, vice president of food and agricultural research for Rabo Agri Finance, says some rationing is occurring in livestock and ethanol production as prices rise, and soybean prices remain strong and could hold that strength through spring 2013.

Corn plants in many fields are turning red and that is not a good sign. The red color is coming from a build-up of sugar in the leaves and stalks. The build-up of sugar is a result of too few kernels being developed on the ears.

On August 10th, the USDA released its first estimates of 2012 corn and soybean yields on a state level, and as one would expect, many states are projected to have poor yields.

From August 16th, 2012 - September 15th, 2012, we asked No-Till Farmer readers: "Did no-till or strip-till help you conserve more soil moisture this year than neighbors who used conventional or minimum tillage?"

Although the original and best plan would be to rotate to corn this year, from a timing perspective, some might be considering to plant soybeans in those field in early June.