Corn+Soybean Digest [1]

Corn and Soybean Crop Ratings Steady

U.S. corn [3] and soybean [4] conditions held steady last week as good conditions in top producing states continued to offset the impact of stress from hot weather across the Delta and the southern Midwest.

USDA [5] rated U.S. corn conditions 71% good/excellent as of Sunday, unchanged from a weak earlier and 3 percentage points above a year earlier.

Soybean conditions were rated 66% good/excellent, unchanged from a week earlier and a year earlier.

The corn crop continues to develop much faster than last year and ahead of the normal pace. USDA estimated that 52% of the U.S. crop had reached the dough stage by Sunday compared with only 23% a year earlier and a five-year average of 40%.

Some 14% of the corn crop was said to have dented compared with only 7% last year and the average pace of 11%.

Soybean development also remains ahead of normal with 71% of the crop said to be setting pods compared with only 52% a year earlier and the five-year average of 67%.

The Iowa corn crop rating held steady at 70% good/excellent, while the Illinois rating fell 2 points to 64% good/excellent due to hot, dry conditions across much of the state.

Iowa soybean conditions were rated 73% good/excellent up 2 points from a week earlier, while Illinois soybeans were rated 65% good/excellent, down 1 point from the previous rating.

Editor’s note: Richard Brock, Corn & Soybean Digest's marketing editor, is president of Brock Associates, a farm market advisory firm, and publisher of The Brock Report.