Southeast of Storm Lake

Crop Conditions for 8/21/17

Past Weeks Rainfall .75 to 1.5 inches
Soil Moisture Normal
Temperature Below Average
Crop Progress Grain Fill

Corn

Soybeans

Crop Stage Kernel Fill-Dough Stage Crop Stage R4 Pod Fill
Yield Potential Below Average Yield Potential Average

Corn Market

Soybean Market

Current Prices $3.05 Current Prices $8.72
Next Fall Prices $3.12 Oct 2017 Next Fall Prices $8.60 Oct 2017
Past Weeks Trend Lower Past Weeks Trend Lower

Comments

 

The weather pattern has now changed to cool and wet.  Nice rains last week are being supplemented by more rain today.  Below average temps will help extend the grain fill period and hopefully give the plants plenty of opportunity to fulfill the remaining yield potential.

Corn is mostly in the dough stage and will likely begin to dent this week if it has not already.  Yields are going to be well below last year and likely below the recent average as well.

Soybeans are filling the lower pods and still adding pods near the tops of the plant.  The recent rain will give us a chance to still have a respectable soybean crop.  Soybeans are different from corn as they seem to just hang on and wait to see if we receive rain in late July and August.  The overall yield does not seem to be as affected by early season stress like we see in corn.

The markets are also noticing the recent rains and continue to decline.  This year is acting a lot like 2016 when the market put in the low on August 31st.  That day also happens to be the day that price later contracts are terminated at grain buyers.

Grant Aschinger

Grant

8-21-17

7-26-17

6-21-17

6-12-17

5-30-17

5-10-17

4-27-17

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