Soybean stand loss caused by hail events is an annual concern of soybean growers across the Midwest. The objective of this experiment was to quantify the impact of percent soybean stand reduction and stand reduction timing on soybean grain yield and quality. The experimental design was a randomized complete block factorial design with four replications. The main plot factors were percent stand reduction (0, 25, 50, and 75%) and stand reduction timing (V2, V5, R1, and R 3.5 soybean). The experiment was conducted at the Purdue University Agronomy Center for Research and Education in 2003, 2004, and 2005. Year by main effect interactions were not significant therefore data was combined across years. Grain yield decreased linearly as percent stand reduction increased at each stand reduction timing. Soybean seed size and grain protein was greatest and oil content lowest when soybean stand was reduced at R 3.5 soybean. Soybean crop height and test weight response was variable among treatments.