With Planting Nearly Done, Market Awaits Crop Condition

May 23, 2015 05:00 AM
 
With Planting Nearly Done, Market Awaits Crop Condition

The corn and soybean fields are nearly planted. The winter wheat is close to harvest. And rain is in the forecast.

It’s making the market—and Jerry Gulke—wonder just how those crops are doing, thanks to chilly temperatures and rain in various parts of the Midwest.

“We may see some general observations saying that the crop conditions in general deteriorated and that may be a spotty situation, so we’ll have to see how that turns out,” says Gulke, who is the president of the Gulke Group in Chicago and a farmer in Illinois.

Frost and standing water is a concern for both corn and soybeans right now.

“It got pretty cold up there. Some of that corn was frosted once. It got very close to being hit again,” Gulke says. “There are a lot of beans in cold, wet ground all the way from the middle South Dakota to the Canadian border … A lot of people may be thinking those beans may have rotted in the field and they’ll have to replant them.”

Listen to Gulke's full comments on the Weekend Market Report: 

Tuesday’s crop progress report should give more information about the hard winter wheat crop, which is also at risk from heavy rain fall.

“We’re getting close to harvest in that hard red winter wheat area, and they’ve had an excessive amount of moisture,” Gulke notes. “It’s just interesting that Texas solved their drought in one year. Weather forecasters said it would take years before that happened, and now we’re getting as much rain in one day as we got all last year. It’s amazing what Mother Nature can do to us at the last moment.”

How do the crops look in your area? See what other farmers have to say in AgWeb’s Crop Comments section.

 
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Comments

 
Spell Check

Freddy
Beatrice, NE
5/23/2015 10:52 PM
 

  Have not been in the field since May 3rd. Corn is 90%done. Beans 10-15% done. Alot of corn is yellow. Seeing some damping off on some beans. 2 weeks ago most of the river bottoms were flooded. Unable to replant yet.

 
 
Tom
Mt Ayr, IA
5/23/2015 09:20 AM
 

  Corn in SW Iowa NW Missouri is yellow but looks good. About 85 percent planted and some replanting will need to be done. Beans are a different story. Only about 10-15 percent planted because of consistent rainfall since the 3rd of May has made it impossible to get anything done. Forecasts of rain into the next week will put us into June for hopefully getting some beans in the ground.

 
 
Clint
Shelbyville, MO
5/24/2015 10:19 PM
 

  Not much in the way of soybeans planted in the state of Missouri. Some areas are done while many haven't put a bean in the ground yet because of wet conditions.

 
 

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