Drought conditions can result in soybean flowering to stop and even pod abortion. If weather conditions improve, flowering will re-initiate into the early seed filling stage and pod setting can occur into mid seed filling stage. Hence, rains in August can really benefit soybean yields.
Yield Estimates
Yield estimates on both corn and soybean are needed to make good decisions regarding harvest, storage and marketing decisions. While making estimates are straight forward:
Corn yield=earsacre*kernel rowsear*kernelsrowkernels per bushel
Soybean yield=plantsacre*podsplant*seedspodseedspound*60poundsbushel
It is extremely important to factor in adjustments because of drought. The critical assessment in stress years is to adjust for seed weight. For example, 90,000 kernels per bushel is the typical estimate in non-stress conditions. However, in stress conditions, this should be adjusted to 105,000 or more kernels per bushel. And 2,600 beans per pound should be increased to 2,900 or more.
Cover Crops
It is a good idea to plant cover crops following drought stressed corn or soybean for a few reasons. Cover crops will protect the soil and minimize the amount of soil water evaporation that occurs. Cover crops also help with flushing of accumulated nitrates if/when rainfall comes. To be successful with cover crop establishment in dry conditions, stick with cereal rye (winter hardy ahead of soybean or oats (winter kill) ahead of corn. This approach will limit water use in the spring which could be important if drought conditions continue through the winter. Soybean can withstand dryer conditions than corn plus allows more time for spring termination decisions to be made. And try to aerial, broadcast or drill seed ahead of forecasted rains and use the standard seeding rates.
Resource:
Seeding cover crops in dry conditions
Harvesting
First, be aware that drought conditions also are conducive for field fires. Make sure equipment is working properly and take precautions to avoid field fires. Ensure that combine settings are adjusted to account for smaller seed size, lighter seed weight and smaller stem/stalk diameters. Remember that grain lost in the field whether because of combine head loss or spread out the back of the combine can be problematic the following year.
Source : iastate.edu