Despite drier weather, corn conditions stay strong

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Drier weather in the Corn Belt may have played a role in the slight decline of the nation’s corn conditions, but this dry streak failed to significantly impact corn conditions. According to the USDA’s Crop Progress report, this week 73 percent of corn is rated in good or excellent condition, 2 percentage points below last week’s report.

Even with the drop, looking at historical Crop Progress data, conditions remain the best seen since 2004:

Figure 1: Historical data of Crop Progress reports

Report Date

Very Poor

Poor

Fair

Good

Excellent

August 4, 2014

2

5

20

51

22

August 5, 2013

3

8

25

46

18

August 6, 2012

25

25

27

20

3

August 8, 2011

6

10

24

45

18

August 2, 2010

3

7

19

47

24

August 3, 2009

3

7

22

49

19

August 4, 2008

3

7

24

49

17

August 6, 2007

6

12

26

40

16

August 7, 2006

7

11

25

41

16

August 8, 2005

8

14

26

39

13

August 2, 2004

2

5

17

49

27

There is good news on the horizon though. AgriMoney reports rains are on their way, at least for some areas.  

Latest weather forecasts "are a little wetter from North Dakota to Wisconsin for the first week [of the outlook] while the second week has more rain for the eastern Midwest,” Paul Georgy, president at Chicago broker Allendale, said.

At Martell Crop Projections, Gail Martell said that "the forecast calls for at least 1.5 inches of rainfall in a wide swathe of the Midwest, but 2-4 inches locally affecting Iowa, central Nebraska, South Dakota, eastern Kansas and Missouri.”

Read, “Rains on their way for sagging US corn crop.”

More than one-third of the country’s corn is now in the dough stage, 7 percentage points above the five-year average.

Soybeans: More than half setting pods
Unlike corn conditions, the USDA showed no change in soybean conditions this week. Seventy-one percent of soybeans are in good or better condition. The best soybean conditions have been reported in Louisiana, where 81 percent of soybeans are in good or excellent condition.   

The nation’s soybean crop is also progressing well-ahead of last year’s report. Fifty-seven percent of soybeans have set pods, compared to 36 percent last year and the five-year average of 48 percent.

Click here to read the full report.



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