Yield & Production
Iowa Yield Potential
Minnesota Yield Potential

NOAA reported the May Precip for Minnesota was 1.69”. that would be the lowest since 1980. We new conditions through the winter and actually starting last fall were dry but that was confirmed by NOAA with these May numbers.

The June temps warmed up and the average temp was 69.9 degrees. That is the warmest since 1988.

In addition to the warm temps in June we also had a low amount of precip. The June precip came in at 1.83”. That’s the lowest going back to 1988.
North Dakota Yield Potential

The June precipitation for ND came in at 2.1” and that’s the lowest level going back to 2006.
U.S. Soybean Yield
U.S. Corn Yield
Winter Wheat Crop Condition

Also released in yesterdays after crop progress and condition report was the winter wheat. Winter wheat improved 1% from 48% to 49% G/E. This year’s rating is almost in the middle of what we would expect.
U.S. Soybean Yield

The long-term trend shown in the dark blue line and 2 bpa above or below would be considered a fairly normal crop. USDA is projecting a yield for this year’s soybean crop at 50.8 bpa which is very near the long-term trendline yield and that would be the second largest yield ever. Keep in mind, that 5 years ago we produced a crop of 52 bpa.