Considering where corn and soybean crops were just a few weeks ago, yesterday’s USDA crop progress report indicates that the condition of both is starting to look better.
Yesterday, USDA reported 64% of the corn crop is in “good” or “excellent” condition, one percent better than last week’s and last year’s report of 63%. The corn crop is now 92% emerged, somewhat behind the average pace over the last 5 years of 97%. While it remains 5% behind, this is an improvement from 7% last week and 8% the previous week.
USDA reports the soybean crop is 66% emerged, now 14% behind the average pace over the last 5 years (80%), compared to 19% behind last week.