Jul 02, 2024
2024 U.S. Corn 67% GD/EX Down 2%, Soy Unchanged 67% GD/EX
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Corn - The condition of the 2024 U.S. corn crop declined 2% last week to 67% rated good/excellent. Six states indicated improved conditions last week and 12 states indicated lower conditions. Most of the improvements were found in the eastern areas while most of the declines were found in the western and northern areas. The top five rated corn states are: Nebraska. Pennsylvania, Michigan, Missouri, and Iowa. The five lowest rated corn states are: North Carolina. Texas, Colorado, Kansas, and Kentucky.
The corn crop is now rated about equal to the long-term average. Corn pollination will occur during the month of July and the weather looks benign at least during the first ten days of the month. Temperatures are going to be generally seasonal and there should be some rain in the dryer areas of the eastern Corn Belt, which should result in a good start to pollination.
Soybeans - The condition of the 2024 U.S. soybean crop is unchanged at 67% rated good/excellent. Seven states indicated improved conditions last week, 10 states indicated lower conditions, and 1 was unchanged. Most of the improvements were found in the eastern and southern locations while most of the declines were found in the western and northern areas. The top five rated soybean states are: Nebraska, Louisiana, Arkansas, Mississippi, and Missouri. The five lowest rated soybean states are: North Carolina, North Dakota, Wisconsin, Michigan, and a tie between Kentucky and Illinois.
Soybeans are now rated a little better than the long-term average as they start to bloom under generally favorable conditions.
Soil Moisture - The nation's topsoil moisture improved last week with 12 states indicating improved soil moisture, 5 states indicating lower soil moisture, and 1 was unchanged. Most of the improvements were found in the central and eastern areas while most of the declines were found in the southern areas. The five states with the highest soil moisture are: Minnesota, Wisconsin. South Dakota, Michigan, and North Dakota. The five states with the lowest soil moisture are: North Carolina, Mississippi, Arkansas, Ohio, and Illinois.
Rainfall this week is expected across much of the Midwest with temperatures cooler to seasonal. The rain will be welcomed in the eastern Corn Belt but not in the northwestern Corn Belt where it will maintain wetness concerns. The southeastern U.S. from Virginia down to Georgia has been very dry and there is limited rainfall in the forecast for that region.