Counties of: Woodbury, Ida, Sac, Monona, Crawford, Harrison, Shelby
The crop markets continue to trend very sideways. Strength indicators are wavering from high to low on as little as 10 to 20 cents movement. It will take considerable news with China or a weather issue later to trigger a break-out, it appears.
USDA’s recent Ag Outlook Forum showed expectation for a corn crop totaling 14.89 billion bushels,and a soybean crop of 4.175 billion bushels. Season-average prices are expected to be $3.65 per bushel corn and $8.80 soybeans. Corn price is a little higher than the past several years. About half the soybean crop is expected to be exported (2.02 billion bu.)
The next big USDA crop report will be March 29 and will include the Quarterly Grain Stocks & Prospective Plantings. The monthly Crop Production report comes out on March 8 .
Please click on the links on the right to view the past pdf’s of our Southwest Crop Conditions reports.
1705 N Lake Ave
Storm Lake, IA 50588
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