As portions of our area have been classified abnormally dry and in moderate drought by the most recent Drought Monitor, we did have some light rain last week. We received a range of .1 to .3 of an inch on our farms Aug. 17. Then, another .1 up to .3 of an inch of rain fell Aug. 20-21 in total. This was our highest volume of rain since July 14. Days with a temperature above 86 degrees have caused a lot of stress on local crops in dry soils. More heat is on the way. Most soybean fields are in the R6 growth stage, while a few have entered the R7. Most cornfields are at R5. The milk line is 30 to 60 percent of the way down the kernel where the ears are not already drooping. Looking at our drone photos, the difference between corn with fungicide applied and without is highly visible. Local closing prices for Aug. 23 were $3.13, nearby corn; $3.17, new-crop corn; $8.01, nearby and new-crop soybeans.
Hot, dry weather continued last week. Friday morning, we received .05 of an inch. It has been more than a month since we have had a rainfall event bigger than .1 of an inch. As the weather continues to be hot and dry, the effect it will have on our potential yields is becoming a larger concern for local farmers. Some soybean fields are in the R5 growth stage, while others are at R6. Corn development is at R5. The milk line is 30 to 40 percent of the way down the kernel. The hot, dry conditions have continued to cause a lot of change to the appearance of local cornfields. More ears are hanging down before maturity is reached. Local closing prices for Aug. 16 were $3.31, nearby corn; $3.39, new-crop corn; $8.51, nearby soybeans; $8.46, new-crop soybeans. Decreasing prices and yields are not a good combination for local farmers.
We continue to miss isolated showers. The only rainfall last week came Aug. 6 when .05 up to .1 of an inch fell on our farms. As the weather continues to be hot and dry, our potential yields are gradually decreasing for local corn and soybean crops. Most soybean fields are still at the R5 growth stage. Waterhemp continues to pop up above the soybean canopy. Corn development is at the R5 growth stage. Hot and dry conditions during the past few days have caused a lot of change to the appearance of local cornfields. Some ears have prematurely started hanging down in higher stressed areas. Before the Aug. 10 WASDE report, local closing prices for Aug. 9 were $3.38, nearby corn; $3.45, new-crop corn; $8.59, nearby soybeans; $8.59, new-crop soybeans.
We continue to miss isolated showers. We received only .1 of an inch on one farm last week. Our farms received a range of 1.6 up to 3.3 inches for July, with two-thirds of that coming July 5. We continue to fall further behind the 10-year average rainfall. We are more than 6 inches below the average since our crops were planted. Most soybean fields are at R5. Corn development is at R4. Grain prices were higher this week. Local closing prices for Aug. 2 were $3.36, nearby corn; $3.43, new-crop corn; $8.66, nearby soybeans, $8.55, new-crop soybeans.