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.
As of June 18, nearly all of the corn planted has emerged (98%). This up from 94% a week earlier, 99% last year on this date, and it matches the 5-year average (98%).
The condition of the corn crop is currently rated as 67% “good” (55%) and “excellent” (12%). While it’s the same percentage as last week, the 12% “excellent” is 2 point better than a week ago. At the same time it’s lagging vs. a year ago when 75% of corn acres were rated as “good” (60%) and “excellent” (15%).
Meanwhile, soybean planting is nearing the finish line with 96% in the ground. This is up from 92% a week earlier, 95% a year earlier and the 5-year average of 93%. Some 89% of soybeans have emerged, which surpasses the level last year at this time (88%) and the 5-year average of 84%.
But the condition of soybeans — 57% “good” and 10% “excellent” — is an improvement compared to a week earlier of only 1% (57% “good” and 9% “excellent”). It remains significantly off last year’s rating at this time of 61% “good” and 12% “excellent.”
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