Could This Be the Year of Unprecedented Corn Yields?

July 15, 2014 09:05 AM
 
corn USDA

There is plenty of potential for record crops, according to the latest USDA Crop Progress report.

The national corn crop is in better condition this year than the previous year, and week. USDA says that 76% of the nation’s corn is rated good to excellent, which is a point higher than last week and a whopping 10 points higher than this time last year. And Missouri leads the pack with 84% of the state’s corn rated good to excellent.

According to the report, 34% of the 2014 U.S. corn crop is silking, which is right on average.

Soybean conditions also showed significant improvement over the previous year with 72% rated good to excellent, which his 7 points higher in comparison. Soybeans are also blooming ahead of schedule with 41% in the blooming stage. This is a 17 point leap from last week and 4 points ahead of average.

With these estimates, the question remains: How good could the U.S. corn crop be? Ag economist Scott Irwin says that in the last five decades we have never had one of those super-high average yields when you have such extreme precipitation in June. He goes on to add that this doesn’t mean it can’t happen, but it would be unprecedented.

Could this be that year? AgDay’s Clinton Griffiths says that only time and USDA will tell.

Watch the full AgDay Crop Progress report.



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