Soy Condition Still Going Downhill

With harvest fast approaching, the US soybean crop is continuing to go downhill.

Monday’s USDA crop progress report pegged the national soybean crop at 63% good to excellent as of Sunday, down 2 points from a week earlier although still above 54% last year. Meanwhile, 37% of the crop was dropping leaves as of Sunday, up from 20% a week earlier and 6 points ahead of average.

The crop in the two largest production states of Illinois and Iowa actually showed some improvement on the week, with Illinois up 3 points to 71% good to excellent and Iowa up 1 point to 48%. However, the Indiana crop lost a single point to fall to 62% good to excellent and Ohio similarly dropped 1 point on the week to fall 54% good to excellent. Michigan was up 1 point at 62% and North Dakota was steady at 64%.

Crop development remains well advanced in Iowa, where 41% of the crop was dropping leaves as of Sunday, compared to just 20% on average. Indiana was 6 points ahead of average at 39% dropping leaves but Illinois was 8 points behind the state average at 17% dropping leaves.

The Michigan crop was 36% dropping leaves versus 27% on average, while Ohio was running 5 points ahead of the average at 33% dropping leaves. The North Dakota crop was just 1 point off the state average at 57% dropping leaves as of Sunday.

Source: DePutter Publishing Ltd.

Information contained herein is believed to be accurate but is not guaranteed by the parties providing it. Syngenta, DePutter Publishing Ltd. and their information sources assume no responsibility or liability for any action taken as a result of any information or advice contained in these reports, and any action taken is solely at the liability and responsibility of the user.