Iowa's Agricultural Situation
The combines are starting to roll in the cornbelt. The October 1,Crop Report showed that 18 percent of Iowa’s corn crop and 32 percent of the soybean crop were in the bin. Current estimates for the U.S. corn crop are between 9.1 and 9.4 billion bushels and between 2.7 to 2.8 billion bushels for the soybean crop. These rather large crops will add to an already ample carryover supply.