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331575

Corn conditions steady, soybeans improve slightly | August 1, 2022

The USDA released its 18th Crop Progress report of the growing season Monday afternoon. These reports run weekly through the end of November and look at the progress and condition of various crops on a national and state-by-state scale.

CORN

As of July 31, 80% of corn is silking, slightly behind the five-year average of 85%.

USDA says 26% of the U.S. corn crop has reached the dough stage, compared to the five-year average of 31%.

In the top 18 corn growing states, crop condition was rated 61% good/excellent, reflecting no change from last week.

Only 14% was rated poor/very poor. 

Corn condition - 8/1/22

SOYBEANS

USDA’s report noted 79% of the soybean crop has bloomed, on par with the five-year average of 80%.

Soybeans setting pods are at 44% across the top 18 soybean growing states. The five-year average for this point in the season is 51%.

Soybean crop condition was rated 60% good/excellent, a 1% increase from last week. Only 11% were rated poor/very poor. 

Market experts were expecting corn and soybean conditions to go down 1% to 2 %. Cory Bratland with Kluis Commodities says stable or higher conditions, like USDA reported today for corn and soybeans, could drive prices lower in the overnight market. 

soybean condition - 8/1/22

WHEAT

Spring wheat was reported at 97% headed, jumping by 11 percentage points from last week. After weeks of being behind, it has nearly caught up with the five-year average of 99%. 

Spring wheat crop condition was rated 70% good/excellent, a 2% increase from last week. Only 7% was rated poor/very poor.

This week 82% of the winter wheat crop has been harvested.

About the report: Crop progress and condition estimates are based on survey data collected each week from early April through the end of November, according to the USDA. The non-probability crop progress and condition surveys include input from approximately 3,600 respondents whose occupations provide them opportunities to make visual observations and frequently bring them in contact with farmers in their counties. Most respondents complete the questionnaire on Friday or early Monday morning and submit them to the National Agricultural Statistics Service (NASS) field offices in their states by mail, telephone, fax, email, or through a secured internet website. A small number of reports are completed on Thursday, Saturday, and Sunday. Regardless of when questionnaires are completed, respondents are asked to report for the entire week ending on Sunday, according to the Crop Progress Report.

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