Soybean Crop Condition holds Up Better than Expected




The condition of the US soybean crop held up a bit better than expected this past week.


According to Monday’s USDA crop progress report, 60% of the national soybean crop was in good to excellent condition as of Sunday, down 2 points on the week. That was a smaller decline than expected, with pre-trade guesses putting the crop at 58-59% good to excellent. However, the crop is still 10 points below a year earlier at this time.


The crop in the No. 1 production state of Illinois improved 3 points on the week to 66% good to excellent but Iowa was down 4 points to 57% and Indiana dropped 3 points to 70%. Battered by drought, the crop in North Dakota slipped another point to just 23% good to excellent, while 35% of the state crop was rated poor to very poor.


On the other hand, the Michigan crop improved 4 points to 57% good to excellent and Ohio gained a single point on the week to 72%.


Across the country, 97% of the soybean crop was planted as of Sunday, up 3 points on the week and 3 points ahead of the average. An estimated 91% of the crop was emerged, compared to 86% a week earlier, 88% last year and 85% on average.


The USDA estimated 5% of the nationwide soy crop blooming as of Sunday, on par with both last year and the average. The Illinois crop was reported at just 1% blooming as of Sunday, 3 points behind the state average but Iowa was 6 points ahead of the average at 7% blooming. The Ohio crop was 1% blooming, even with last year and the average. No crop was yet reported blooming in Michigan.


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.