us crop update october 2022

Share This Article

Facebook
Twitter
LinkedIn

US Crop Update – October 20, 2022

Summary

Steve Doench, Head of Sustainable Agronomy
Steve Doench, Technical Sales Agronomist
  1. Increasingly high crop input prices will need commodity prices to maintain pace to keep farming profitable in 2023. For now, corn prices are strong enough to generate a forecasted higher profit than soybeans when making initial crop planning decisions for 2023. However, due to a geopolitical environment, fertilizer prices are still a wild card.
  2. A dry September did not help add to grain/seed fill going into harvest. The dry conditions expanded drought conditions, making winter wheat establishment less vigorous going into winter.
  3. The long-term forecast shows the GFS and ECMWF in agreement for a drier and warmer than normal fall. Harvest will be completed earlier than normal and fall fieldwork should all get completed ahead of winter. Drought reduction will not occur and will likely expand into winter. This will likely cause the 2023 crops season to face soil moisture deficits from the start, but could possibly allow early planting.

Summer Weather Summary

A warmer and drier than normal summer reduced yield potential after a delayed early planting season. 

Percent of normal precipitation and departure from normal temperature data for June through August 2022 from High Plains Regional Climate Center

September precipitation was drier than normal, and temperatures were warmer than normal. These warm and dry conditions helped crops mature on time and ahead of any major frost issues, but did not help late-season grain fill. With crops already behind from early planting, this left an even greater strain on yield potential.

Percent of normal precipitation and departure from normal temperature data for June through August 2022 from High Plains Regional Climate Center

Drought Monitor

Over the course of the past month, drought has continued to build. The fall outlook does not appear to show any hope of alleviation. Without a wet winter and spring, drought will continue to remain an issue into 2023.

United States drought monitor maps for October, September, and May 2022 from US Drought Monitor

Economics

When it comes to pricing and economic outlook, corn is favored over soybeans going into 2023 with an expected yield of 190 (corn) over 60 (soybeans). This significant change raised anticipated return on corn by $30.50 and dropped return on soybeans by $9. Variable cost (VC) per acre and land costs are rising. While all fertilizer prices have been rising by 10% or more, UAN prices have increased by over 40% and ammonia increases surpassed 60%.

economic chart including corn and soybean crop prices and yield

Longer Range Forecasts

GFS and ECMWF generally agree on a warmer and drier fall period, but the GFS forecast shows a larger area with much drier and warmer conditions. This will help harvest finish up well ahead of normal but can lead to drier than standard grain weights and some lost yield at the elevator. Drought conditions will remain in place and expand as winter approaches.

GFS long-term forecasts

ECMWF long-term forecasts

Conclusions

Higher profit margins are expected for corn than soybeans this fall which will sway planning decisions for 2023. Additionally, the outlook continues to be dry and warm in the long-term forecasts. Drought will persist unless winter and spring predictions increase expected precipitation.

Is This Essential Ingredient in Your Turf Tank Mix?

Have you ever thought you prepared the perfect application, but gotten less-than-perfect results? As the largest component of a spray tank mix, water can significantly impact application quality with hardness, pH differences, or dirtiness. Water conditioners can help to mitigate these issues.

emulsion stability testing for surfactants and oil-based adjuvants in pesticide tank mixes

The Role of Emulsion Stability in Optimizing Tank Mixes

Oil and water might not mix alone, but with the right emulsifier, they can be combined into a stable emulsion. The fascinating science behind emulsion stability reveals how adding the right emulsifier to a pesticide tank mix can ensure a uniform and consistent application.

turf industry interview brad debels weed man lawn care Wisconsin turf association

Cutting-Edge Perspectives: Dr. Brad DeBels on the Turf Industry

Listen in as Brad DeBels, a prominent figure in the turf industry and the President of the Wisconsin Turfgrass Association, discusses current turf challenges, provides insight on the increasing value of turf, and shares his perspectives on the future of the green industry.

The Secret to Tank Mixing Pesticides

Pesticides and herbicides require proper mixing and application to be effective in preventing weed takeovers. WALES and other acronyms are a trick to ensure optimal mixing. Following proper mixing order can alleviate foam, sludge, broken emulsions, and other reactions that can occur through mixing.

Enhancing Turf and Ornamental Applications with Deposition Aids

In turf and ornamental applications, the effective use of spray applications is crucial for maintaining the health and aesthetics of landscapes. Among the various factors contributing to success, incorporating deposition aids is a critical element that can significantly elevate the outcomes.

Surface Tension: Secrets of an Effective Tank Mix

Formulation understanding begins in the lab, where researchers study how liquids behave under specific conditions. This knowledge aids users in predicting real-world product performance. Exacto Chemist Chris Walter discusses surface tension in the Research to Real-World series, helping applicators grasp the importance of surfactant and wetting agent chemistry.

Salinity, Sodicity, and Turfgrass: Managing Irrigation Water Quality

Salinity and sodicity can challenge turfgrass maintenance in arid regions. This blog post discusses causes, effects, and management strategies for irrigation water quality. Choose turfgrass cultivars, conduct irrigation water and soil testing, and apply leaching and gypsum to improve soil conditions.

Discover Innovative Moisture Management Solutions for Turf

Revolutionize how you care for turf with effective solutions including wetting agents RPO™, Wishbone™, and the innovative AquiMax® Sprayable water management product. We’re excited to introduce these breakthroughs in turf management with approval for use in multiple states, including California.

Follow Exacto, Inc.

Featured Product