The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.
Corn conditions declined slightly over the past week but the 10 day weather forecast looks favorable for the top 18 corn producing states.
As of July 14, 2013, 9% of the corn crop was in poor or very poor condition, compared to 8% last week. Corn in good or excellent condition was 66%, a 2% decline from last week. Corn at the silking growth stage was only at 16%, compared to 67% from a year ago.
Soybean condition was 8% of the crop in poor or very poor condition, compared to 30% last year. Soybeans in good or excellent condition were 65%, compared to 34% last year. Only 26% of the soybean crop was in the blooming growth stage thus far, 37% behind last year at this time.
As of July 14, 2013, winter wheat was 67% harvested, compared to 81% last year at this time. 5% of the spring wheat crop was in poor or very poor condition, compared to 8% last year. Spring wheat in good or excellent condition was 70%, compared to 72% last week. Of the entire spring wheat crop, 71% was headed this week, compared to the five-year average of 73%.
Year to year corn prices are down 30.9%, soybeans are down 11.0% and wheat is down 24.3%.
For daily articles on farmland and agriculture, visit www.farmlandforecast.com.
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