Soil moisture (SM) estimation from active microwave data remains challenging due to the complex interactions between radar backscatter and surface characteristics. While the water cloud model (WCM) provides a semi-physical approach for understanding these interactions, its empirical component often limits performance across diverse agricultural landscapes. This research presents preliminary efforts for developing a knowledge-guided deep learning approach, which integrates WCM principles into a long short-term memory (LSTM) model, to estimate field SM using Sentinel-1 Synthetic Aperture Radar (SAR) data. Our proposed approach leverages LSTM's capacity to capture spatiotemporal dependencies while maintaining physical consistency through a modified dual-component loss function, including a WCM-based semi-physical component and a boundary condition regularisation. The proposed approach is built upon the soil backscatter coefficients isolated from the total backscatter, together with Landsat-resolution vegetation information and surface characteristics. A four-fold spatial cross-validation was performed against in-situ SM data to assess the model performance. Results showed the proposed approach reduced SM retrieval uncertainties by 0.02 m$^3$/m$^3$ and achieved correlation coefficients (R) of up to 0.64 in areas with varying vegetation cover and surface conditions, demonstrating the potential to address the over-simplification in WCM.