# The status of the Midwest and U.S. soybean crop heading into August — AgVenture WSC

> AgVenture WSC analyst Mike Toohill reviewed soybean yield factors heading into August, noting well-below-normal July rainfall in the Dakotas, northern Nebraska, northwest Iowa, southern Kansas and eastern Ohio. Only 18% of the U.S. soybean crop was planted by April 28, and the analyst expects August heat to have less yield impact than maps suggest.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/13169-the-status-of-the-midwest-and-u-s-soybean-crop-heading-into-august-agventure-wsc
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry patches and late planting raise some yield risk for soybeans, but the analyst's view that yields will hold limits the bullish price impulse for soybeans and meal.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-08-14 | [Indiana Corn, Soybean Crops Feel the Heat and Variability of Late Planting](https://feedsoft.ai/events/13068-indiana-corn-soybean-crops-feel-the-heat-and-variability-of-late-planting.md) | -0.8% | -0.8% |
| SOY | 2017-08-18 | [U.S. Midwest cool temperatures slow crop stress \| World-grain.com \| August 18, 2017 19:19 \| World Grain](https://feedsoft.ai/events/69306-u-s-midwest-cool-temperatures-slow-crop-stress-world-grain-com-august-18-2017.md) | +1.2% | +4.1% |
| SOY | 2026-06-15 | [Storms, flooding, hail test U.S. corn and soybean farmers](https://feedsoft.ai/events/12990-storms-flooding-hail-test-u-s-corn-and-soybean-farmers.md) | +0.2% | +8.4% |
| SOY | 2022-10-05 | [Why are the Corn and Soybean Crops Drying So Slowly? - farmdoc](https://feedsoft.ai/events/13321-why-are-the-corn-and-soybean-crops-drying-so-slowly-farmdoc.md) | -0.5% | +3.8% |
| SOY | 2024-07-23 | [4 Factors Affecting Soybean Futures in August](https://feedsoft.ai/events/12105-4-factors-affecting-soybean-futures-in-august.md) | -5.6% | -14.4% |
| SBM | 2024-07-23 | [4 Factors Affecting Soybean Futures in August](https://feedsoft.ai/events/12105-4-factors-affecting-soybean-futures-in-august.md) | +2.7% | -8.3% |
| SBM | 2026-04-06 | [Climate concerns second corn crop and soybean harvest advances to 82% in Brazil](https://feedsoft.ai/events/13439-climate-concerns-second-corn-crop-and-soybean-harvest-advances-to-82-in-brazil.md) | +4.0% | +2.7% |
| SBM | 2019-03-01 | [Defining Optimal Soybean Sowing Dates across the US](https://feedsoft.ai/events/60456-defining-optimal-soybean-sowing-dates-across-the-us.md) | -0.1% | +1.4% |

## Sources

- agventurewsc.com: https://www.agventurewsc.com/news/the-status-of-the-midwest-and-us-soybean-crop-heading-into-the-month-of-august

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.