Southwest of Storm Lake

Crop Conditions as of 11-28-17

Past Weeks Rainfall None
Soil Moisture 93% of the area is rated adequate for topsoil and subsoil
Temperature Above average
Crop Progress Harvest is complete except for a few scattered fields

 

Corn

Soybeans

Crop Stage 96% to 98% harvested Crop Stage 99% Harvested
Yield Potential Variable but mostly above average Yield Potential Above average

Corn Market

Soybean Market

Current Prices $3.00/bu Current Prices $9.15/bu.
Fall Prices $3.35/bu. Fall Prices $9.20/bu
Past Weeks Trend  Range-bound Past Weeks Trend Range-bound

Comments:

Soybean harvest is complete except for a few fields per county.   Yields were very good but a little less than last year.   Most fields ranged from 55 to 65 bushels per acre with some exceeding 70.   Corn harvest is complete in some areas but with perhaps 10% to harvest in other areas.   Yields have been variable depending on rainfall and the soil’s water-holding capacity.  Generally, yields well-exceeded expectations due to late-season grain fill which produced large, heavy kernels.    It is not uncommon to find farms yielding as well as the past two years (well over 200 bushels per acre), while other fields may be in the 150-175 range.    Crop prices remain range-bound and will not likely move out of that until production is threatened somewhere in the world.  We are fortunate to have record demand soaking up record crop production.   Exports remain crucial to using up large crop inventories

 

Dennis Reyman

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