Yesterday, USDA reported 66% of the corn crop is in good or excellent condition, down 2% from last week's 68%, but a big improvement over last year's 31%.
Compared to last year at this time, the condition of the corn and soybean crops are in better shape this year, while winter and spring wheat appear to be holding their own, according to yesterday's USDA Crop Progress report.
Agriculture at Fort Hays State University and Hutchinson Community College has been awarded a $277,243 grant from the National Institute of Food and Agriculture for a precision agriculture partnership, according to the Hays Post of Hays, Kan.
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 63% of the U.S. corn crop is in "good" or "excellent"? condition. This is below last week's 66% and last year's 70%. The condition of soybeans for this date also declined with 56% in "good" or "excellent" condition vs. 60% last week and 68% last year.
Yesterday, USDA reported that 7% of the U.S. corn crop is in the ground. This put it ahead of last year's progress, which showed 3% of corn planted at this time in 2011. The average pace during the past 5 years is only 2%.
Farmers and analysts are expressing fresh skepticism about Agriculture Department data on the corn market in the wake of the latest figures, which stunned traders and sent prices on another wild ride.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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