Soybeans Change in G/E

Soybeans saw 6 states show improvement again in the eastern belt with Illinois, Indiana, and Ohio all seeing improvements.

Some states in the Delta like Arkansas, Tennessee, and Louisiana saw improvements as well.

10 states seen crop conditions decline again the plains with North Dakota, South Dakota, Nebraska, and Kansas all declining as well as the central plain states.

Corn Change in G/E

Corn crop condition changes this week had 5 states improve and that included the eastern corn belt states of Illinois, Indiana, Ohio, and Pennsylvania.

But we saw 13 states decline, all the plain states from the Canadian border to the Mexican border.

We also had declines in the central belt in Iowa, Missouri, and Minnesota.

This was enough to push our U.S. rating percentage to 58%, a 3% drop.

Corn Crop Condition

Our corn crop conditions had a full 3% drop, that’s a big drop for one week.

We are now well below the black line which is the 20-year average and well below last year which was 64% good to excellent. Many in the trade are believing that its going to be difficult for this year’s corn crop to achieve last years yield of 177

Corn Crop Conditions

We are below last year in red and below the green line from two years ago.

With crop conditions falling, private analysts are going to be lowering their yield estimates slightly as U.S. corn crop has seen a couple steady weeks but generally has been declining the past two months.

Soybean Crop Conditions

Soybean conditions have dropped every week since USDA began their crop condition report a couple months ago.

We are still 1% ahead of last year’s rating at this time but we are way below the ratings from two years ago.

Crop conditions may be able to stabilize next week because of the rains and cooler temperatures this week.

But if next week’s forecast is correct with extreme heat and dryness then we will start to trend lower again.

U.S. Soybean Crop Condition

Soybean crop ratings fell 1% from 62 to 61% good to excellent.

We are still 1% above last year which was rated at 60% good to excellent.

We are slightly below average for this time of year indicating that yields could be slightly below average as well.

We do anticipate that conditions will drop a couple percentages next week based on this week’s heat and dryness.  

U.S. Corn Crop Condition

Corn crop conditions are steady, 64 good to excellent or the third week in a row.

For mid-July we are at or slightly below average, so yield is at or below average.

At 64% good to excellent we are actually 1% below last year when we were 65%, you can see the red line last year just above this year’s yellow line.

If the forecast is correct, we believe conditions will likely drop a few percentages next week and this will start to send crop conditions below average and maybe signal below average yields.