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Another rough week for corn, soybeans

Jeff Caldwell 07/16/2012 @ 3:49pm Agricultural content creator and marketer.

Another week without much of any relief from drought conditions in what many are now considering one of the worst crop years in decades has passed, taking with it another major chunk of yield potential from the corn and soybean crops.

Monday's USDA-NASS Crop Progress report shows another 8% of the nation's corn crop has entered one of the lower 2 quality categories over the last week; now, 38% of the crop's in very poor to poor condition, while only 31% is in good to excellent shape. A year ago, only 11% of the crop was rated either poor or very poor, while 66% was rated good to excellent.

The decline wasn't as sharp in soybeans, but that crop's also showing signs of falling off a cliff; Monday's report shows 34% of the nation's beans are rated good to excellent versus 30% in the very poor to poor categories.

The conditions shown in Monday's report don't look to abate soon, and that has some farmers about to give up on their corn crop. "I'm about an hour south of Omaha in Nebraska, and this week will end the corn crop for 2012. South of me about 10 days ago, they got a shot of rain but it was a small area," says Agriculture.com Marketing Talk senior contributor highyields. "We haven't had any rain since the first half of June. our early fields will have some corn but the corn planted the first week of May might not get anything. Soybeans hanging out but you can still see a mouse running down the row."

Unfortuantely, it doesn't look like any substantial relief is in sight for much of the Corn Belt, says Justin Roberti of Accuweather.com.

"Ongoing high evaporation rates on the order of one-third of an inch per day this time of the year are taking care of the rest. The majority of places in the Corn Belt received one-quarter of an inch of rain or less over the weekend. A new heat wave and lack of rain was hitting corn and soybean growing areas in the Midwest the week of July 16, adding to the worst drought and impact since 1988," Roberti says. "During most days this week, from southern Illinois, south to Arkansas, west to Nebraska and Kansas, high temperatures will range between 95 and 100 degrees. Farther north and east in, high temperatures will range between 90 and 95 degrees into Wednesday with some relief from the heat later in the week. Spotty downpours will continue in part of the area. It is too late for the corn crop in the southern areas."


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