Crop Conditions as of 4-22-2019
|Past Weeks Rainfall||Little rain in past week until spotty showers today and tonight|
|Temperature||Highs in the 60’s & 70’s, hit 80 on Sunday. Los in 40’s & 50’s|
|Crop Progress||Past week has had very good field activity. Planting has begun.|
|Crop Stage||Planting is underway.||Crop Stage||A few fields have been planted.|
|Yield Potential||Trend-line||Yield Potential||Trend-line|
|Current Prices||$3.35||Current Prices||$7.92|
|Next October Prices||$3.37||Fall Price||$8.20|
|Past Weeks Trend||Trending lower||Past Weeks Trend||Trending lower|
Planting began last week. Our first planting reports from our Southwest District came in Friday and Saturday, although we know of fields planted earlier than that. Soil conditions are very good. It is amazing how quickly conditions can improve when Mother Nature provides a stretch of favorable weather.
Today’s weekly USDA Crop Progress Report shows 4% corn planted in Iowa as of today, with 6% done in the US. No beans reported; however, a few early birds have planted beans. Lots of anhydrous ammonia still being applied for nitrogen. Planting should wait for a week after anhydrous is applied so those fields are looking at the end of April or first of May. Rain is forecast for most days next week.
Crop prices continue to slide south. They are still within the established trading range. Prices tend to be highest sometime during the March-June time frame, sometimes to mid-July. So far, that’s not the case this year.
Pro Farmer newsletter reported this weekend that we are 95% of the way to a trade deal with China. Hopes are for Presidential signatures by late May or early June. They do mention that the last 5% can be the toughest!
Dennis Reyman, AFM, ARA
Crop Update Archives – Please click on the links below to view the past pdf’s or click the green button for our Southwest Archives page