Sep 15, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

Farmland Forecast

RSS By: Marc Schober,

Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.

Crop Progress: Corn Conditions Remain the Same

Jun 04, 2012

Corn conditions remain constant and going forward we will keep a close eye on the hot and dry weather patterns in the Corn Belt which could have an adverse effect on conditions.


As of June 4, 2012 a total of 97% of the U.S. corn crop has already emerged compared to 75% from a year ago. Corn conditions are favorable as 72% of the crop is in good or excellent condition compared to 67% a year ago, and only 5% in poor or very poor condition.


As of the first week of June, 94% of U.S. soybeans have been planted, a 31% increase from a year ago. Of the 94% planted, 79% have emerged which is an increase from 39% at the same time last year.


Of the six primary spring wheat producing states 3% of the wheat has headed. Spring wheat conditions are also favorable as 78% is in good or excellent condition and only 2% is in poor or very poor condition.


Winter wheat continues to outperform 2011's conditions with 52% of the winter wheat crop in good or excellent condition; a 18% increase from last year. Winter wheat in very poor or poor condition is at 18%, a 26% decrease from one year prior. As of the first week of June, 20% of the winter wheat has been harvested, compared to the five year average of only 3%.


Corn prices increased by 0.9% over the past week ending at $5.67 per bushel, soybean prices decreased by 3.4% over the past week ending at $13.39 per bushel, and wheat prices ended the week at $6.25 per bushel, a 4.7% decrease from last week. Year-over-year corn prices are down 24.8%, soybeans are down 5.3%, and wheat is down 19.1%.

For daily articles on farmland and agriculture, visit 


Log In or Sign Up to comment


No comments have been posted, be the first one to comment.
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions