Home / Markets / Markets Analysis / Crop Progress report shows weaker corn, soybean crops

Crop Progress report shows weaker corn, soybean crops

Agriculture.com Staff 07/10/2006 @ 2:20pm

USDA, in its weekly crop condition report on Monday, rated corn lower than last week and further below traders' expectations.

For corn, the crop was rated 63% good to excellent, below a 68% rating last week, and below trade expectations of 65%. Also, 26% of the crop was rated fair and 11% very poor-poor. The USDA reported 26% of the crop is in the silking stage, below 24% from a year ago, but above a 20% five-year average.

Soybeans were rated 58% good/excellent, 30% fair, and 12% very poor-poor. Monday's rating was well below a 64% good excellent mark from a week ago. USDA noted 38% of the soybean crop is blooming, compared to 39% a year ago.

For wheat, the spring crop was rated 42% good/excellent, 31% fair, and 27% very poor-poor. As of Sunday, the winter wheat crop was 72% harvested, above 68% a year ago.

USDA, in its report, rated cotton 41% good/excellent, 30% fair, and 29% very poor-poor.

USDA, in its weekly crop condition report on Monday, rated corn lower than last week and further below traders' expectations.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Farm and ranch risk management resources By: 07/07/2010 @ 9:10am Government resources USDA Risk Management Agency Download free insurance program and…

Major types of crop insurance policies By: 07/07/2010 @ 9:10am Crop insurance for major field crops comes in two types: yield-based coverage that pays an…

Marketing 101 - Are options the right tool… By: 07/07/2010 @ 9:10am "If you are looking for a low risk way to protect yourself against prices moving either higher or…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]