Hot Weather Helps Corn Maturity Jump 17%

October 2, 2017 07:31 PM
 
 

Corn maturity has been top of mind for producers and traders alike. All eyes will be on the fall weather in the Midwest for the next few weeks as the corn crop in several Corn Belt states struggles to make it to the finish line. This week USDA is reporting a 17% jump in maturity for the Nation’s corn crop.

Minnesota saw the largest jump with total maturity going from 33% mature to 55% mature in one week. Illinois, Iowa, South Dakota and Wisconsin followed closely behind all moving 20% or more toward total crop maturity.

Corn harvest also gained some ground, according to USDA. The increase wasn’t as large at 7%. Still, while farmers in the northern states pray their crop will beat the first frost, some southern states are beginning to wrap up #Harvest17. USDA says 85% of North Carolina’s corn crop is harvested. In Texas, 75% is harvested, and in Tennessee, 74% is harvested.

Soybeans are plugging along as expected. USDA reports 80% of the soybean crop is dropping its leaves. While that is 1 percentage point behind the same week in 2016, it’s slightly above the 2012-2016 average. Soybean harvest is underway in some parts of the country, but just 22% of the Nation’s crop has been harvested.

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