No Change in Corn, Soybeans Crop Conditions as Harvest Moves into High Gear

USDA reports that there was no change in the overall condition of the U.S. corn and soybean crops from the previous week. For corn, 69% is rated as “good” (47%) and “excellent” (22%). It’s the same scenario for soybeans with 68% considered “good” (49%) and “excellent” (19%) with no change from a week earlier.

As of Sunday, Sept. 30, 86% of corn acres are rated as mature, up from 72% the prior week, 66% a year ago and the 5 year average of 71%. So far, 26% of the corn crop has been harvested, which is well ahead of the prior week and year (both at 16%) and the 5 year average of 17%.

This year’s soybean crop is following the same path as corn. Some 83% of this year’s soybean acres are dropping leaves. This compares with 71% the week prior, 78% a year ago and the 5 year average of 75%. So far, 23% of the soybean crop is in the bin vs. 14% last week, 20% a year earlier and the 5 year average of 20% for this date.