Northeast of Storm Lake

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.

 

 

-Mason Troendle & Nathan Deters

MasonNathan

Crop Update Archives – Please click on the links below to view the 2016 pdf’s or click the green button for our Northeast Archives page

7-18-17

7-11-17

6-28-17

6-21-17

6-6-17

5-30-17

4-3-17