by Ben Nuelle Money Matters 8-25-16
A scout on the Pro Farmer Midwest Crop Tour saw clean beans in Southwest Iowa.
The Pro Farmer Midwest Crop Tour made its way through western and eastern Iowa Wednesday.
Tim Gregerson of Herman, Nebraska has been coming on the western leg tour for 13 years. He traveled from Hamburg up HWY 59 to Spencer. Gregerson says soybeans were consistent.
“All the way up past I-80 we saw a lot of pod counts in that 1100 to 1250. Very consistent and clean. The corn was definitely better than Nebraska. The counts came up on the ear counts and were filled out a little better. We also did not see the wind and green snap damage we saw in Nebraska which was probably one of the biggest points.”
He says even though the tour saw low numbers in Nebraska Tuesday, the corn belt will still have a good harvest.
“Some of the counts were down in Nebraska but there is still going to be a solid corn crop in across the corn belt this year and it is contributing to these lower prices right now. There is a large expected bean crop. That supply coming right now is going to hurt the market but there is a lot of hope for demand. These lower prices have really got a lot of demand going so could be a little bit of a slow crawl out of here.”
Gregerson adds he feels there is hope ahead for grain prices but no big price jumps.
Scouts continue to Rochester, Minnesota today where they will meet up with scouts on the Eastern leg. The Pro Farmer Midwest Crop Tour is sponsored by DuPont Pioneer.