The US corn crop is progressing nicely with 15% of the crop in the silking stage nationally as of July 3rd vs. 10% last year and 13% on average.
Corn conditions held steady once at 75% good-excellent vs. 69% last year.
Soybean condition scores declined to 70% good-excellent vs. 72% last week and 63% last year.
Prices were sharply weaker today in response to weekend rains and a warm, wet forecast for the first half of July.
Conditions (Good + Excellent) | |
Corn Conditions | G/E: 75% TW vs. 75% LW, 69% LY |
Soybean Conditions | G/E: 70% TW vs. 72% LW, 63% LY |
Milo Conditions | G/E: 69% TW vs. 70% LW, 67% LY |
Winter Wheat Conditions | G/E: 62% TW vs. 62% LW, 40% LY |
Spring Wheat Conditions | G/E: 72% TW vs. 72% LW, 70% LY |
Crop Progress Summary | |
Corn Silking | 15% TW vs. 6% LW, 10% LY, 13% AVG |
Soybean Blooming | 22% TW vs. 9% LW, 17% LY, 16% AVG |
Milo Headed | 29% TW vs. 26% LW, 23% LY, 24% AVG |
Winter Wheat Harvested | 58% TW vs. 45% LW, 50% LY, 55% AVG |
Spring Wheat Headed | 74% TW vs. 56% LW, 68% LY, 45% AVG |
Read the complete NASS report here
Graphics courtesy of Advance Trading Inc