USDA Crop Conditions Sees Worst Mark Since 2013

July 19, 2017 01:12 PM
 
 

A dome of heat is pushing its way across farm country as major grains see their worst condition ratings in nearly four years.

The USDA lowered the conditions ratings for both corn and soybeans by one point. Corn is rated at 64 percent good to excellent, seeing its worst mark since 2013 when the national average yield was 158 bushels per acre.

With falling conditions, especially in grain growing states like Iowa, Nebraska and South Dakota, markets are finding fresh reasons to trade modestly higher on Tuesday.

“We generally see our peak in June or early July and then we kind of deteriorate through harvest,” said Joe Vaclavik, president of Standard Grain. “It’s not uncommon to see crop conditions deteriorate, and corn conditions are still above the five-year average.”

Looking closer at the top five corn growing states—Illinois, Indiana, Iowa, Minnesota and Nebraska—all five saw a decline in their condition ratings from last week. Iowa saw the biggest drop with six points, Nebraska is down three points, and the other states are down one point.

As far as progress, those same states are all behind the five-year silking stage. Minnesota is fifteen points behind, Iowa is off by eight, and Illinois is five points behind.

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Comments

 
Spell Check

S
Midstate, IL
7/20/2017 04:39 PM
 

  One thing to think it John, another to say it. Not a failure yet.

 
 
Ldn
Muleshoe , TX
7/20/2017 07:07 PM
 

  It doesn't matter, mid west could cook, delta could flood, Texas could go all cotton and the USDA and speculators would still lie about yields. Legal theft!! All agriculture needs a good crop and a fair price, is that to much to ask?

 
 
Ben Gonna
Osterdock, IA
7/20/2017 08:31 PM
 

  Well China must of covered they're needs for corn since the last bad news delivered by the USDA...Now they can come out with a little pro corn market price...

 
 

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