USDA's crop progress report for the week ended August 22 reported 41% of corn dented, in line with the 41% reported dented in the same week last year. The 5-year average for corn dented in this week was 38%.
The condition of the U.S. corn crop is changed only slightly compared to a week ago, but it still lags the 5-year average, according to USDA’s latest Crop Progress report.
The progress and condition of the U.S. corn and soybean crops all point to a bumper harvest, but increasing temperatures throughout the major growing regions and drought conditions bear watching.
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.
Yesterday, USDA reported with 96% of the crop now planted, the 2012 corn crop remains ahead of last year's crop (75%), as well as the average pace over the last five years (81%).
USDA reported that 87% of the 2012 corn crop was in the ground. This puts planting progress far ahead of last year's pace (56%) as well as that of the five year average (66%).
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