USDA reports that as of July 2, the condition of both corn and soybeans remain behind the 5-year average.
The ag agency says that 68% of the U.S. corn crop is in “good” (55%) or “excellent” (13%) condition as of last Sunday. This is 1% better than the previous week (55% “good” an 12% “excellent). But it’s 7% behind the 5-year average, which is 59% “good” and 16% “excellent” for this date.
In terms of progress, corn silking, currently at 10%, is 4% behind a year-ago and 3% behind the 5-year average as of July 2.
The condition of the U.S. soybeans — 54% “good” and 10% “excellent” — is also lagging compared to a year ago when 57% “good” and 13% “excellent.” It also slipped somewhat vs. the previous week, when 56% was rated as “good” and 10% “excellent.”
USDA is also reporting that 98% of soybeans have emerged, the same a last year on this date, vs. the 5-year average of 95%. Presently, 18% of soybeans are blooming compared to 20% one year ago and the 5-year average of 17%.
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