That's yesterday's weekly Crop Progress Report.
The headline is in reference to the intro line to Sunday's "Storage: Very Important To Roman Emperors and Commodities Market Manipulators"
A repost from August 2020 that may come into play as we approach
harvest season (I know it's a ways off but there was rain across the
corn belt and the farmers are twitter-moaning about possible price
declines on Monday)
From DTN Progressive Farmer, 6/28/2021 | 4:16 PM CDT
Rain Boosts Corn, Soybean Conditions in East, While North, West Continue to Bake
This article was originally posted at 3:08 p.m. CDT on Monday, June 28. It was last updated at 4:16 p.m. CDT on Monday, June 28.
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OMAHA (DTN) -- After several weeks in a row of falling, corn and soybean conditions stabilized somewhat nationwide last week, though conditions in Northern regions of the country continued to decline, USDA NASS said in its weekly Crop Progress report on Monday.
Nationwide, corn condition was rated 64% good to excellent as of Sunday, June 27, down just 1 percentage point from 65% the previous week. That is the 10th lowest good-to-excellent rating for corn in 12 years, only higher than in 2012 and 2019.
"Corn condition declines in South Dakota, Minnesota and Ohio slightly outweighed improvements in Iowa, Illinois, Indiana and Michigan," said DTN Lead Analyst Todd Hultman.
Corn silking was rated at 4%, equal to last year but slightly behind the five-year average of 6%. The most silking was reported in Texas and North Carolina.
With a wide swath of rains moving across south-central and eastern parts of the soybean belt last week, the nation's soybean crop managed to hold on to a good-to-excellent rating of 60% for the second week in a row. As with corn, that puts this year's current rating at the 10th-lowest good-to-excellent rating for soybeans in the past 12 years, Hultman said.
"Crop declines in Minnesota, South Dakota, Ohio, Tennessee and Kansas balanced out improvements in Wisconsin, Michigan, Iowa, Illinois and Indiana," Hultman said.
NASS said 96% of soybeans were emerged and 14% of the crop was blooming as of Sunday, a little ahead of the five-year blooming average of 11%.
The crop conditions story was completely different for the spring wheat crop, as the major spring-wheat-producing states again missed out on significant rainfall last week....
....MUCH MORE