Yesterday, USDA issued its weekly crop progress report, and besides harvests being somewhat behind the 5-year average, there were no surprises to indicate anything but a big year for production.
Yesterday, USDA reported 66% of the corn crop is in good or excellent condition, down 2% from last week's 68%, but a big improvement over last year's 31%.
Compared to last year at this time, the condition of the corn and soybean crops are in better shape this year, while winter and spring wheat appear to be holding their own, according to yesterday's USDA Crop Progress report.
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.
Another week of abnormally dry weather helped Iowa farmers continue their early harvest of corn and soybeans, KCRG.com in Cedar Falls, Iowa, reported yesterday.
While rains through much of the major grain-producing regions of the U.S. were a welcome sight, they only slowed the continuing deterioration of crops, especially corn. For the ninth consecutive week, USDA reported that the condition of the U.S. corn crop is worsened compared to the previous week and a year ago.
Yesterday, USDA reported that the condition of the U.S. corn crop continues to deteriorate. This is the fourth or the last five weeks that the ag agency has said that the condition of the crop has worsened compared with the previous week and previous year.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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