Minnesota’s Corn Crop Nearly Twice as Good as Indiana’s, USDA Says

DES MOINES, Iowa — The U.S. corn crop rating is just holding steady, with lower top-end state grades and lower low-end ratings.

In other words, the good crops still have a ways to go, while the weak crops grade out fairly low vs. a year ago.

As of Sunday, 67% of the U.S. corn crop had been rated good/excellent, unchanged from a week ago and well under a rating last year at this time of 75%, according to the USDA Crop Progress Report Monday.

The governmental agency noted that Minnesota’s corn crops are rated at a strong 81% good-to-excellent condition, while Indiana’s crop rating is pegged at 45%.

USDA pegged the U.S. corn emergence at 98%, equal to a five-year average.

Al Kluis, Kluis Commodities, says today’s report could give the corn market a friendly nudge.

“Today’s report is slightly friendly for prices tonight. I expect corn to start out 1¢ to 2¢ higher tonight.”

He added, “For soybeans, this report is slightly friendly for prices tonight. I expect soybeans to start out 1¢ to 2¢ higher tonight,” Kluis stated in a daily note to customers Monday.

See state-by-state numbers for corn condition.

SOYBEANS

For soybeans, 96% of the the nation’s crop has been planted vs. an 93% five-year average.

USDA pegged soybean emergence at 89% vs. a 84% five-year average.

The U.S. soybean crop good/excellent rating is at 67% vs. a 68% rating a week ago and a 73% rating a year ago.

See state-by-state numbers for soybean condition.