Corn, Soybean Condition on Par with Previous Week

The “good” to “excellent” condition of both U.S. corn and soybean crops are reported to be at pretty much the same level as the previous week and the 5-year average, according to USDA’s latest Crop Progress report.

As of July 19, 55% of corn acres were silking. This is up from 27% a week earlier. It compares with 53% a year ago and the 5-year average of 56%. USDA also reported that 69% of corn was is “good” (52%) or “excellent” condition. This is the same as the previous week, except 54% was rated as “good” and 15% was rated as “excellent.”

USDA reported that 56% of soybeans were blooming as of Sunday, which is the same level as the 5-year average and 1% higher than a year ago. Last week, 38% of soybeans were blooming. Accordingly, 17% of soybeans were setting pods as of July 19, exactly the same as the 5-year average and 1% behind last year’s 18%.

At 62%, the condition of the soybean crop remained at the same level as the previous week (50% “good” and 12% “excellent"). But conditions of U.S. soybeans remained significantly behind the 5-year average of 73% (57% “good” and 16% “excellent).