Northeast Crop Condition Update: August 1st, 2017

Corn		Soybeans

Crop Stage	6.5 to 8 feet tall, fully tasseled to dough	Crop Stage	12 to 18 inches tall, fully bloomed to pod set
Yield Potential	Average	Yield Potential	Below Average
Corn Market		Soybean Market
Current Prices	$3.13/bu	Current Prices	$9.10/bu.
Fall Prices	$3.35/bu.	Fall Prices	$9.12/bu
Past Weeks Trend	Lower	Past Weeks Trend	Lower
Comments:
Weather: Mild Temperatures and Rainfall this past week are what is driving a recovery of the crops in the area. Many places received an inch to two inches of precipitation last Wednesday. This allowed the corn to continue pollination and the soybeans to begin pod set with some much needed moisture. Many corn fields are beginning dough stage while soybeans are setting pods in many fields. Although many soybean plants are short and not as branched as previous years, many plants are putting on just as many pods (pictured below). Below is the drought monitor map from July 25th: Grain Markets: Cooler forecasts and widespread rainfall have driven markets even lower in the last seven days. With chances of rain this week, the next rally may be towards the end of the month.