While it is early in the growing season, crop condition scores have been very favorable. This week, soybean conditions improved to 74% good-excellent vs. 72% last week and 67% last year. Corn conditions were steady this week at 75% good-excellent vs. 73% last year. One could argue with such good ratings, it would be easier for scores to go down rather than up.
Crop progress has also been better than average. Corn emerged is 96% vs. 95% last year and 94% on average. Soybean planting is 92% complete vs. 85% last year and 87% on average.
Prices traded higher overnight as the weather forecasts show high heat moving into much of the country in the extended outlooks.
| Conditions (Good + Excellent) | |
| Corn Conditions | G/E: 75% TW vs. 75% LW, 73% LY |
| Soybean Conditions | G/E: 74% TW vs. 72% LW, 67% LY |
| Milo Conditions | G/E: 71% TW vs. (NA)% LW, 67% LY |
| Winter Wheat Conditions | G/E: 61% TW vs. 62% LW, 43% LY |
| Spring Wheat Conditions | G/E: 79% TW vs. 79% LW, 70% LY |
| Crop Progress Summary | |
| Corn Emerged | 96% TW vs. 90% LW, 95% LY, 94% AVG |
| Soybean Planted | 92% TW vs. 83% LW, 85% LY, 87% AVG |
| Soybean Emerged | 79% TW vs. 65% LW, 72% LY, 72% AVG |
| Milo Planted | 76% TW vs. 58% LW, 67% LY, 75% AVG |
| Milo Headed | 14% TW vs. (NA)% LW, 9% LY, 16% AVG |
| Winter Wheat Headed | 96% TW vs. 91% LW, 95% LY, 89% AVG |
| Winter Wheat Harvested | 11% TW vs. 2% LW, 9% LY, 18% AVG |
Read the complete NASS report here
Graphics courtesy of Advance Trading Inc
