A new model for transpiration of a soybean crop is formulated and solved numerically: the model specifically includes the water stored in the plant. It describes the changes in the daily course of transpiration, stomatal behaviour, leaf water potential and leaf temperature as water deficits develop. The calculated values of leaf water potential (Fig. 3) and transpiration (Fig. 5) compared well with measured values observed during the development of water deficits in a soybean crop growing on a grey cracking clay soil.