On Tuesday, we were able to combine our show plot across the road from the warehouse. The corn was quite dry and yields very good. The plot was planted at 34,000/acre in 30" rows on April 25th. Harvested on September 18th, 2012. The plot harvest was independently observed by Mike Lockwood of Mid-America Distributing(wholesale chemical sales), formerly a Dupont Chemical rep and Syngenta Seedsman. The results:
Pioneer P8906hr - 169.9 bu/a - 15.7% - 57.3# Test Wt
Pioneer 38H06 - 161.0 bu/a - 15.8% - 53.7# Test Wt
Pioneer P9411hr - 179.9 bu/a - 15.7% - 56.8# Test Wt
Pioneer P9519hr - 177.5 bu/a - 16.4% - 56.7# Test Wt
Dekalb DKC43-48- 193.1 bu/a - 16.0% - 56.1# Test Wt
Pioneer P9630am1- 208.3 bu/a - 17.2% - 56.2# Test Wt
Pioneer P9675amx- 196.1 bu/a - 17.4% - 56.8# Test Wt
Dekalb DKC46-20- 196.6 bu/a - 17.9% - 57.7# Test Wt
Pioneer P9910am1- 214.8 bu/a - 19.0% - 53.9# Test Wt
Pioneer P9917am1- 216.8 bu/a - 19.3% - 56.6# Test Wt
Pioneer P0062xr - 221.5 bu/a - 20.1% - 53.3# Test Wt
Pioneer P0115am1- 208.6 bu/a - 20.5% - 55.0# Test Wt
Pioneer 36V51 - 214.9 bu/a - 21.5% - 53.7# Test Wt
Pioneer P0533 - 223.6 bu/a - 23.2% - 55.0# Test Wt
P9630 stuck out for the 95 day maturity hybrids and P0062 and P9917 stuck out at the 98-100day maturity. P0533 is a 105 day hybrid. The first 2 hybrids as well as the fourth suffered from root lodging.
The warehouse lender is able to earn fees and/or expand its loan portfolio without the overhead expense of a larger staff and branch office locations. The mortgage lender has access to the cash it needs to keep making an unlimited volume of loans.
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