I read today that corn needs 50 frost free days after silking to avoid major yield implications. If everything was pollinated and we received a normal frost, only a very small portion in North Dakota and northern Minnesota would be affected. If you assumed a frost 7-10 days earlier than normal and all corn was pollinated then good swaths of Minnesota, North and South Dakota, and the northern third of Iowa would be affected. Since all corn is not pollinated as of Monday's report only 55% of the crop silked, you can see there are all kinds of problems that could occur with an early or even normal frost.
The corn market wants to look outside today and see rain and normal to below normal temperatures during pollination and continue to lower prices. Soybeans had a nice Turn-Around-Tuesday as soyoil and the talk of both India and China purchasing it drove the entire soy complex higher.
We received some horrible pictures of the devastation during storms in extreme NE Iowa last Friday. There was reported tennis ball size hail on approximately 10,000 acres and other hail damage on a total area of 320,000 acres. I have attached a picture along with this post.
Scott Meyer
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