Home / News / Crops news / Corn, soybean decline continues -- USDA

Corn, soybean decline continues -- USDA

Jeff Caldwell 06/18/2012 @ 3:26pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Another week of mostly hot, dry weather in the majority of the Corn Belt means another week of declining corn and soybean conditions, according to Monday's USDA-NASS Crop Progress report.

As of Sunday, 63% of the nation's corn crop is in good to excellent condition, down 3% from the previous week. The amount of crop in poor condition inched up by 1% while the amount of acres in fair shape was raised 2%. Soybean conditions saw a similar slip; as of Sunday, 56% of the crop is in good-to-excellent condition versus 60% last week, while the number of soybean fields in the lower 3 quality categories inched higher.

Despite weekend rainfall in many areas, there's a major moisture shortage underway in much of the Corn Belt. It's a compounding problem for a lot of farmers whose corn crop is starting to enter a critical time in the growing season.

"Mother Nature always bats last. Really could use a rain in southwest Missouri. Corn's pollinting the last 10 days or so. At this rate, I'll be doing good to beat last years 30-bushel average. I have never seen it go 2 Junes in a row and not rain. Incredible," says Agriculture.com Marketing Talk contributor turdypointbuck.

 

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybeans blast off on strong processing data By: 04/15/2014 @ 3:27pm Soybean futures topped out Tuesday above $15/bushel for the first time in quite a while on news…

Farm Debt-to-asset Ratios Lowest in 20 Years… By: 04/15/2014 @ 2:27pm Farm debt's increased a lot over the last 2 decades. Bad news, right? At the same time…

Corn Planting Sags; Wheat Worries Mount By: 04/15/2014 @ 9:21am Corn planting is underway in the U.S. That's the good news. The bad news is as of mid-April…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine