Northeast of Storm Lake

Northeast Crop Condition Update

4/17/18

Weather:

Above: Snow piles outside of Stalcup Ag on 4/16/18

 

With double digit snow totals this past weekend, it is obvious that winter wants to hang on just a bit longer here in Northwest Iowa. Forecasts of 4-8 inches of additional snow tonight into tomorrow will continue the trend. Field work has yet to begin in this area and the outlook is pointing to early May for the start of corn planting this year. On a positive note, the moisture profile throughout all of NW Iowa is plenty full for a great start once we get the seed in the ground.

Below is the drought monitor map and the soil temperature map (note: soil temps above 50 degrees are preferred for corn planting):

 

Current Market:

April 3rd, 2018

Corn Soybeans
Cash $3.33 $9.52
Fall/Harvest $3.60 $9.58

Comments:

The grain markets have held up relatively well considering the prominent trade war/tariff talk over the last few weeks. Bottom line is that corn and soybeans are a world market, and a reduction in sales to one country or region will likely be made up with sales elsewhere. Stable, long term trade relationships are the best for the ag industry, and we hope negotiations result in a stable trade partnership. A weather premium has not been added to the markets yet for a possible late start to planting. We will need to see some significant delays into May before any concerns are reflected in grain prices.

– Mason Troendle & Nathan Deters
Mason  Nathan

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