Counties of: Emmet, Palo Alto, Kossuth, Winnebago, Hancock, Humboldt, Wright, and Pocahontas
There is a lot to report over the last two weeks. First, the weather. After a relatively dry two week period in early August, Sunday night thru Tuesday morning brought a stationary front that dropped significant amounts of rain. Most areas received 3-4 inches, but places in southern Palo Alto and Northern Pocahontas and Humboldt counties got 8+ inches. With the relatively dry soil and mature crops, most of this rain soaked in, but in the heavier areas there is some ponding and there will likely be some yield loss in those places. Moisture will now be sufficient in the
area to carry the crops into full maturity. Crop conditions are generally good. A few diseases showing up in the corn and soybeans, but nothing widespread at this time.
The other big news is the USDA crop report released last Wednesday. This report surprised the market with yield estimate of 168+ bushels per acre of corn and 46+ bushels per acre of soybeans for this fall. The market was expecting lower yields. There is a feeling that these numbers will be adjusted lower in later reports as more thorough crop surveys are made to a mature crop. Corn prices have held up fairly well, but soybeans have moved to a new low.
While there has been damage done to soybean potential from the late planting and excessively wet conditions in the Southern and Eastern cornbelt, August weather has been quite favorable for soybeans over most of the belt.This has the market expecting bigger yields at this time.
Please click on the links on the right to view the past pdf’s of our Northeast Crop Conditions reports.
1705 N Lake Ave
Storm Lake, IA 50588
Real Estate Licensed in Iowa, Minnesota, Nebraska and South Dakota.
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