Tuesday, August 16, 2022

"USDA Crop Progress Report: Corn, Soybean Conditions Down Slightly Week Ended Aug. 14"

From DTN Progressive Farmer:

This article was originally posted at 3:03 p.m. CDT on Monday, Aug. 15. It was last updated at 3:42 p.m. CDT on Monday, Aug. 15.
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OMAHA (DTN) -- More hot, dry weather in parts of the country last week continued to put pressure on corn and soybeans, resulting in 1-percentage-point drops in the national good-to-excellent ratings for both crops, USDA NASS reported in its weekly Crop Progress on Monday.

CORN
-- Crop development: 94% of corn was silking as of Sunday, Aug. 14, according to NASS, 3 percentage points behind the five-year average of 97%. Corn in the dough stage was estimated at 62%, also 3 percentage points behind the five-year average of 65%. Corn dented was estimated at 16%, 4 percentage points behind the average of 20%.

-- Crop condition: 57% of corn was rated in good-to-excellent condition, down 1 percentage point from 58% the previous week and 4 percentage points below last year's rating of 62%. "Illinois and Iowa corn conditions are rated at 73% and 66% good to excellent, respectively, while Kansas, Kentucky and Missouri are poorly rated, at 29%, 32% and 46% good to excellent, respectively," said DTN Senior Analyst Dana Mantini.

SOYBEANS
-- Crop development: 93% of soybeans were blooming, equal to the five-year average. Seventy-four percent of soybeans were setting pods, 3 percentage points behind the five-year average of 77%.....

....MUCH MORE

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Following yesterday's big drops most of the ag futures are down a bit more this morning.