Corn rated at 67% good to excellent, down 3% from last week
The USDA released its 13th Crop Progress report 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.
As of June 26, 4% of corn is silking compared with 4% for the previous five-year average.
The condition of the corn crop was rated 67% good/excellent and 8% poor/very poor. This compares with the previous-year average of 64% good/excellent and 8% poor/very poor.
The report has 98% of soybeans planted, compared with 97% for the previous five-year average; 91% has emerged compared with 91% for the previous five-year average.
Seven percent of soybeans are blooming compared to 11% for the previous five-year average.
The condition of the soybean crop was rated 65% good/excellent and 8% poor/very poor. This compares with the previous-year average of 60% good/excellent and 9% poor/very poor.
"The report shows corn rated 67% good/excellent, which is down 3% from last week," says Cory Bratland, Chief Grain Strategist/Commodities Broker at Kluis Commodity Advisors. "Soybeans were rated 65% good/excellent, which is also down 3% from the previous week. These ratings are a little worse than the market was expecting, so this should give the market a little boost in the overnight trade."
Spring wheat emerged was reported at 98% compared with 99% for the prior five-year average. At this point, 8% has headed compared to 34% for the five-year average. The condition of the spring wheat crop was rated 59% good/excellent and 8% poor/very poor. This compares with the previous-year average of 20% good/excellent and 39% poor/very poor.
Winter wheat headed came in at 95% vs. the 98% five-year average. Winter wheat condition was 30% good/excellent and 43% poor/very poor. This compares with the previous-year average of 48% good/excellent and 21% poor/very poor.
As of June 26, 54% of oats had headed, compared with 68% for the previous five-year average. Oat condition was 58% good/excellent and 22% poor/very poor. This compares to the previous-year average of 37% good/excellent and 26% poor/very poor.
The report also indicated that nationwide, topsoil moisture is rated as 53% adequate and 4% surplus. The previous year was 51% adequate and 8% surplus.
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.