Strong Initial Condition Rating for U.S. Soy Crop

Much like the corn crop, the 2020 American soybean crop is getting off on the right foot as well.

In its initial condition rating for the 2020 crop on Monday, the USDA pegged the nationwide crop at 70% good to excellent as of Sunday. Because of last year’s severe planting delays there is no equivalent year-ago condition rating to compare this year’s crop against, although the first 2019 soybean condition rating – not issued until June 24 – put the national crop at just 54% good to excellent.

The first condition rating for the 2020 U.S. corn crop, released last week, also came in at 70% good to excellent.

The 2020 Illinois soybean crop was rated 56% good to excellent as of Sunday, 14 points above last year’s June 24 rating, while the Indiana crop was 28 points above at 69%. The Iowa crop was rated 81% good to excellent as of Sunday, versus last year’s June 24 rating of just 63%. The condition of the Michigan crop was 27 points higher at 65% good to excellent, and Ohio was 31 points higher at 61%. On the other hand, the condition of the North Dakota crop was 4 points lower at 66% good to excellent.

Across the country, 75% of this year’s soybean crop was in the ground as of Sunday, up 10 points on the week and ahead of last year and the average at 36% and 68%, respectively. Planting in Illinois was 74% done, up from 65% a week earlier and 6 points ahead of average, and Indiana was 76% complete, compared to 66% the previous week and 64% on average. Planting in Iowa is virtually complete at 95% done, 20 points ahead of average.

Michigan planting advanced 11 points on the week to 76% complete, ahead of 62% on average, while the Ohio crop was 66% planted, up from 53% a week earlier and 4 points ahead of average. Planting in North Dakota has just cleared the halfway mark (51%) and remains well behind the average of 80%.

Across the country, 52% of the soybean crop had emerged as of Sunday, up from 35% the previous week and ahead of 44% on average.

The Illinois and Indiana crops were 50% and 58% emerged, respectively, compared to 51% and 41% on average, while the Iowa crop was already 76% emerged – far ahead of 48% on average. At 49% and 42%, emergence in Michigan and Ohio was ahead of 36% and 40% on average. Amid delayed planting, emergence in North Dakota was just 12%, compared to 37% on average.

Source: DePutter Publishing Ltd.

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