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For Two Weeks, Soybean Crop Shows No Progress, USDA Says
DES MOINES, Iowa -- The U.S. corn and soybean crops conditions barely changed from a week ago, according to the USDA’s weekly Crop Progress Report released Monday.
The data came in about the same as the trade expected.
In 2019, the U.S. farmers planted 91.7 million acres of corn, according to the National Agricultural Statistics Service (NASS). That equates to roughly 69 million football fields of corn and 3% above last year's acreage, according to NASS estimates.
The overall condition of the corn crop is rated at 58% good to excellent in the top 18 corn producing states, compared to 57% a week ago.
The USDA pegged 58% of the corn crop was in the silk stage, compared with a 83% five-year average.
Also, 13% of the corn has entered the dough stage vs. a 23% five-year average.
The nation’s crop is rated 54% good/excellent, equal to a week ago.
Also, 57% of the soybean crop is blooming vs. a 79% five-year average.
The USDA pegged the amount of soybeans setting pods at 21%, well below a five-year average of 45%.
The U.S. winter wheat harvest is 75% complete vs. a 79% five-year average.
Meanwhile, the U.S. spring wheat crop is rated as 76% good to excellent, equal to last week’s rating.