On Monday, USDA reported that as of May 7 47% of U.S. corn acres had been planted. This compares to 34% a week ago and 61% a year ago. It is just slightly below the 5-year average of 52% of corn acres planted for this date.
Corn and soybean harvests are winding down as only 3 states have yet to harvest at least 90% of their corn acres, while only 2 states are under that mark for soybeans.
USDA's latest Crop Progress reports indicate that the overall picture for the corn and soybean crops continues to improve. As a result, the accuracy of the ag agency’s record-setting yield estimates could be right on the mark.
National crop condition ratings for both corn and soybean crops were steady in the past week and remain above a year ago, but ratings for individual states, and regions within those states, vary widely.
The condition of the U.S. corn and soybean crops as of Aug. 7 varied very little from the that seen in the past several weeks, which means both crops could be on pace for record-setting harvests.
According to USDA’s Crop Progress report for July 24, 79% of corn is silking. This compares with 71% silking one year ago on this date and 5-year average of 70%.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
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