NW Service Area
NE Service Area
SW Service Area
SE Service Area

Southwest of Storm Lake

09-11-2023
Past Weeks Rainfall Rain on Sunday after a very long, dry stretch
Soil Moisture Topsoil is rated 78% short or very short of moisture. Subsoil is 86% short or very short.
Temperature Highs in the 70's and 80's. Lows in the 50's and 60's.
Crop Progress Ahead of normal

Corn

Crop Stage 92% is dented, 31% is mature
Yield Potential Trend line or below

Corn Market

Current Prices $4.71
Fall Prices – October 2023 $4.51
Past Weeks Trend Lower on nearby, steady on '24

Soybeans

Crop Stage 78% are yellowing, 37% are dropping leaves
Yield Potential Trend line or below

Soybean Market

Current Prices $13.04
Fall Prices – October 2023 $13.04
Past Weeks Trend Lower on nearby, steady on '24
Comments:

Heat and extended dryness has continued to push crops ahead. The past 20 days (prior to Sunday) were the driest or nearly the driest in 131 years of records across much of the upper Midwest and into southern Kansas. This will no doubt have negative impact on final grain fill for both corn and soybeans. USDA's monthly WASDE report tomorrow (Tuesday) may or may not begin to show yield adjustments. They may very well wait until October when combines are rolling and early yield reports are in. We see great variability across the region and across most fields. Diving into a field for one or two yield checks will not provide enough samples to account for the variability. It is safe to say that many cornfields will collect on crop revenue insurance in this area.

Crop prices tread lower as September tends to be a poor month for grain pricing. Price direction will react to actual supply news as yields start coming in. The export market may spark up quickly if yields appear to be coming in short, as buyers begin acquiring inventory before prices rise.

Dennis Reyman AFM, ARA

Dennis Reyman AFM, ARA
Email Author

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