US Corn Condition Continues Decline

The condition of the US corn crop has fallen for the third straight week, with continued declines in the two largest production states of Iowa and Illinois.

Monday’s USDA crop progress report pegged the nationwide corn crop at 65% good to excellent, down 3 points on the week but within pre-report trade guesses that ranged from 64-65%. Last year at this time, the US crop was rated better at 72% good to excellent.

In the largest production state of Iowa, the crop was rated just 56% good to excellent as of Sunday, down 7 points on the week and now 21 points below just two weeks earlier. Large portions of Iowa have been unfavourably dry this year and crops are showing signs of stress from the lack of precipitation and high heat. “Farmers reported corn curling and ground cracking in some areas,” according to the latest state crop progress report.

The condition of the Illinois crop dropped 4 points from the previous week to 64% good to excellent and is now down 10 points over the past two weeks, also mainly due to overly dry weather. Topsoil moisture across the state was reported almost one-third short to very short as of Sunday.

At 70% good to excellent, the condition of the Indiana corn crop was down 3 points on the week, while the Michigan and Ohio crops actually improved, gaining 5 and 4 points, respectively, to 60% and 76% good to excellent.

On the other hand, the crop in drought-plagued North Dakota crop slipped 3 points to just 39% good to excellent. Last year at this time, the North Dakota crop was rated 69% good to excellent.

Source: DePutter Publishing Ltd.

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