Monday, August 20, 2012

Crop Progress Report: Another stable week for corn, soybeans

Corn conditions were unchanged and and soybeans actually gained a percentage point in the "good" quality category in Monday's USDA Crop Progress report.

Still, despite a general stabilization at current conditions, both crops remain at levels well below normal, quality-wise. As of Sunday, 23% of the nation's corn crop is in good or excellent condition, while the same is true of 31% of the soybean crop.

"The cooler temperatures and scattered rains have allowed crops to mostly maintain their condition and prevent further deterioration for the most part," says Iowa Secretary of Agriculture Bill Northey. "The entire state remains dry and in need of more rain, especially as the bean crop continues to set and fill pods."...MORE