Northeast Crop Condition Update
5/29/18
Weather:
Some weather improvements have taken place since our last report in mid May, but planting still continues in most areas. The majority of the corn has been planted between rain showers, although in most cases, not in ideal soil conditions. Soybean planting has started, but is probably only around 50% completed in the area. The hardest hit areas for excess moisture are eastern Palo Alto and Emmet Counties along with Kossuth County. In some places, corn will not be planted as fields will not dry before early June. There will also be areas that need to be replanted due to standing water. On the plus side, temperatures have been well above normal which has allowed for quick emergence of the crop where rain has not been excessive. Overall it has been a frustrating spring, but there is now plenty of room for improvement over the growing season.
Current Market:
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| Corn | Soybeans | ||
| Cash | $3.54 | $9.49 | |
| Fall/Harvest | $3.66 | $9.54 | |
Comments:The grain markets have been and forth depending on weather and trade news. Recent reports that China and the U.S. had reached some agreement on increasing ag imports amid easing trande tension caused a nice move up in the markets, but more restrained language has followed and tempered some of those gains. Planting progress reports released yesterday show the pace of planting at normal levels for corn and ahead of normal for soybeans. The initial crop condition report of the year shows crops in better than expected condition. Any weather issues that will affect the markets are on the back burner for now. – Mason Troendle & Nathan Deters |
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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
