Counties of: Buena Vista, Cherokee, Clay, Dickinson, Lyon, O’Brien, Osceola, Plymouth, Sioux
Harvest is nearly completed, which is about normal time frame. Generally warm and dry conditions speed up
progress, but the record high yields slowed things down. There was an incredible amount of corn and soybean
bushels to move and store. Many elevators were forced to make huge piles of grain on the ground because all
storage has been filled.
The corn crop this year was not only excellent yielding, it was also high quality (test weight) and dry. This will help keep it in good condition during storage and greatly reduces drying costs. Corn yields northwest of Storm Lake were mostly 195 to 230 bushels per acre with some going even higher. Soybean yields ranged from the upper 50’s to mid 70’s (bushels per acre).
The only bad news is in the grain markets. Corn was 9 cents lower last week and soybeans were 18 cents lower.
Negative factors include, the rising US dollar, poor exports, improving weather in Brazil, and high yields in
the US. This week the USDA is expected to raise its corn and soybean yield estimates, so if they don’t increase
yields as much as expected that would help turn the markets around. Basis levels are starting to firm up because
farmers are storing grain rather than selling it
Please click on the links on the right to view the past pdf’s of our Northwest 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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