Crop Progress: Full Steam Ahead For Corn, Soybeans…But Is It?

July 9, 2018 05:02 PM
 
USDA officials noted 37% of the corn is silking, 47% of the soybeans are blooming and a surprising 11% of soybeans are setting pods.

The nation’s corn and soybean crops continue to mature at a record pace, according to this week’s USDA Crop Progress Report. In the report, USDA officials noted 37% of the corn is silking, 47% of the soybeans are blooming and a surprising 11% of soybeans are setting pods.  

It’s no secret the nation’s corn crop is looking great, for the most part. While pockets of the Corn Belt have experienced some tribulations, overall the crop continues to grow at a record pace. This week, USDA says 37% of the corn crop is silking. Compared to the five-year average of 18%, that’s significant.

According to Monday’s report, 75% of the crop is rated good to excellent, that’s down just one percentage point from the previous week. But, it’s 10% higher than the same week last year. However, in Texas, corn continues to struggle with 25% of the crop rated poor or very poor. In fact, one West Texas farmer said even the irrigated corn in his area is struggling to survive.

Soybeans are doing well too. USDA says 47% of the crop is blooming and 11% of it is setting pods. This same week last year, only 32% of it was blooming and 6% was setting pods. Louisiana soybeans are winning the race with 75% of the crop setting pods. Mississippi and Arkansas are close behind with pods on 50% and 45% of soybeans respectively.

Soybean conditions continue to excel with 71% of the crop rated good to excellent, exactly like the week prior. Still, Missouri soybeans continue to feel the pain of drought. There, 16% of the crop is rated poor or very poor.

Some say the corn and soybean crops aren’t really as good as the weekly conditions report continues to indicate.

“I think the crop conditions ratings are probably overstating how things really look out there,” Jack Scoville of the Price Futures Group told AgriTalk After The Bell host Chip Flory on Monday. “I know there are some great looking crops out there, but I also know and I’ve seen east central Wisconsin you’re talking about the Iowa, Minnesota border area those are very, very short crops, very, very light crops.”  

All eyes are on the weather as corn and soybeans enter the period of growth that has potential to make or break yields.

“There’s some significant areas where the crop will be susceptible to an early frost,” Scoville said. “A lot of the crop is tasseling now and it’s July and we’re flowering next month, what’s the temperature gonna be, you tell me.”

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Comments

 
Spell Check

Julie
Murrieta, CA
7/11/2018 11:33 AM
 

  Here is an "out-there" suggestion for farmers to boost their bottom line: we in the cities and suburbs have kids succumbing to drug/alcohol addiction to our ears. They are dropping like flies. Maybe you can utilize your remote locations to get the many finishing rehab to get into a long-term living situation that promotes healthy living, fresh air and distance from temptation, while they complete the spiritual healing they need to prevent relapse. Around here, sober living homes are charging upwards of $500+ per month. Find one person with long-term 12-step sobriety to oversee, and then keep those in recovery busy with gardening, projects, etc. It is a huge epidemic. If you are Catholic and can provide a solid Catholic environment, that is a niche that has yet to be filled in a big way.

 
 
Jim
Dallas, TX
7/10/2018 01:31 AM
 

  I mean, regardless of whether the crops are doing well, there's still the big issue of selling them. Thanks to the trade war, the export of U.S. soybeans will suffer as stated on https://www.tridge.com/stories/global-soybean-trade-suffers-from-the-us-china-trade-war

 
 
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