In what may have been a surprise to some, corn conditions held steady this week while soybean condition scores dropped slightly.
In its weekly crop condition report, NASS reported national corn condition scores steady vs. last week at 75% good-excellent vs. last year at 71%. Some in the market were expecting to see a 1-2% decline.
Soybean condition scores dipped to 73% good-excellent vs. 74% last week and 65% last year.
Prices were under pressure today as the weather forecast is favorable with more chances for precipitation.
Conditions (Good + Excellent) | |
Corn Conditions | G/E: 75% TW vs. 75% LW, 71% LY |
Soybean Conditions | G/E: 73% TW vs. 74% LW, 65% LY |
Milo Conditions | G/E: 70% TW vs. 71% LW, 68% LY |
Winter Wheat Conditions | G/E: 61% TW vs. 61% LW, 41% LY |
Spring Wheat Conditions | G/E: 76% TW vs. 79% LW, 71% LY |
Crop Progress Summary | |
Soybean Planted | 96% TW vs. 92% LW, 89% LY, 93% AVG |
Soybean Emerged | 89% TW vs. 79% LW, 81% LY, 84% AVG |
Milo Planted | 88% TW vs. 76% LW, 81% LY, 86% AVG |
Milo Headed | 17% TW vs. 14% LW, 16% LY, 20% AVG |
Winter Wheat Harvested | 25% TW vs. 11% LW, 17% LY, 28% AVG |
Spring Wheat Headed | 28% TW vs. (NA)% LW, 19% LY, 14% AVG |
Read the complete NASS report here
Graphics courtesy of Advance Trading Inc.