Corn Crop's Silking On A Fast Track, USDA Reports
DES MOINES, Iowa -- The pace of the U.S. corn crop’s growth stage is double that of the five-year average.
The soybean crop’s growth of its blooming stage is at a breakneck speed too.
However, in its Weekly Crop Progress Report Monday, the USDA released slightly weaker good/excellent ratings for both crops.
The good/excellent ratings for corn and soybeans came in within trade expectations.
The U.S. corn crop is rated 76% good/excellent, slightly below last week’s rating of 77%.
USDA pegged 17% of the corn crop as being in the silk stage, vs. an 8% five-year average.
In its report, USDA pegged the U.S. soybean crop condition for soybeans at 71% good/excellent, below a 73% rating a week ago.
USDA rated 27% of the soybean crop in the blooming stage vs. a 13% five-year average.
USDA reported that 51% of the U.S. wheat wheat is harvested vs. a 49% five-year average.