US Corn Rating Ticks Higher




The condition of the US corn crop ticked higher this past week, with ratings bouncing back in several production states.


Monday’s USDA crop progress report pegged the nationwide corn crop at 73% good to excellent as of Monday, up a single point from a week earlier and in line with pre-report trade expectations. Last year, the corn crop was rated just 56% good to excellent.


In the largest producing state of Iowa, the condition of the corn crop held steady from a week earlier at 85% good to excellent. However, the condition of the Illinois crop rebounded 8 points on the week to 67% good to excellent, after falling 4 points the previous week. The condition of the Indiana crop jumped 5 points on the week to 63% good to excellent, after it fell 8 points a week earlier.


After experiencing a 7-point decline the previous week, the condition of the Michigan crop bounced back by the same amount this time around to 65% good to excellent as of Sunday. Ohio’s crop was up 7 points to 63% good to excellent, after also falling by 7 a week earlier.


In contrast, the condition of the North Dakota crop slipped 2 points on the week to 67% good to excellent as of Sunday


Across the country, 4% of the corn crop was silking as of Sunday, up 2 points on the week and matching last year but 3 points behind the average.


The Illinois crop was just 1% silking, 7 points behind average, while Indiana was 3 points behind at 2% silking. At 1% silking, the Iowa crop was on par with the average. No corn was yet reported silking in Michigan or North Dakota, compared to 0% and 3% on average, while Ohio was in line with the average at 1% silking.


Source: DePutter Publishing Ltd.

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