Northeast Iowa Crop Conditions

Crops in the area continue to be hindered by too much rain. Many of the worst areas still have standing water in the low areas. June rainfall will be a record. Some areas approached 20 inches for the month. (2/3 of normal yearly totals) The corn has done well on the best drained soils, but any areas of poor drainage are showing yellow from loss of nitrogen. The soybeans seem to be very slow to develop, as they do not do will in wet conditions.

The markets took a hit this week from the USDA report published on Monday. Acres estimated to be planted to soybeans this year were a record at over 84 million acres, a number bigger than the trade was expecting. The corn acreage was about as expected at 91 million acres. This will likely be the highest acreage of the year, as the surveys were taken before all the heavy rain in June, which will cause some lost acres in many areas. Corn usage was lower than expected, which led to the lower corn crop.