Jul 23, 2024
2024 U.S. Corn 67% Gd/Ex Down 1%, Soy Unchanged at 68%
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Corn - The condition of the 2024 U.S. corn crop declined 1% to 67% rated good/excellent. Nine states indicated that the corn condition improved last week and 9 states indicated that the corn condition declined last week. Most of the improvements were found in the central and eastern areas while most of the declines were found in the southern and western areas. The top five rated corn states are: Nebraska, Missouri, Iowa, Michigan, and Illinois. The five lowest rated corn states are: North Carolina, Pennsylvania, Tennessee, Texas, and Colorado.
The 2024 U.S. corn is 61% pollinated under generally beneficial conditions. Pollination should generally be successful since there is no threatening weather on the near-term horizon and successful pollination goes a long way to limiting any downside risk to the crop.
Soybeans - The condition of the 2024 U.S. soybean crop remained unchanged at 68% rated good/excellent. Ten states indicated that the soybean condition improved last week, 7 states indicated that the soybean condition declined last week, and 1 was unchanged. Most of the improvements were found in the central and northern areas while most of the declines were found in the southern and western areas The top five rated soybean states are: Nebraska, Louisiana, Missouri, Iowa, and Illinois. The five lowest rated soybean states are: North Carolina, Tennessee, Minnesota, North Dakota, and Kentucky.
The next six weeks will be decisive in determining the eventual soybean yields. The soybeans are entering this period in generally good condition and there is no threatening weather on the near-term horizon,
Soil Moisture - The nation's topsoil moisture declined last week with 7 states indicating improved soil moisture and 11 states indicating lower soil moisture. Most of the improvements were found in the southern areas while most of the declines were found in the across the Midwest. The five states with the highest soil moisture are: Minnesota, Wisconsin, Missouri, Michigan, and North Dakota. The five states with the lowest soil moisture are: Mississippi, Tennessee, Arkansas, Ohio, and Kentucky.
The heaviest rainfall over the weekend occurred in the southern Delta and the southeast with most of the Midwest receiving light and scattered showers. Cool weather prevailed over the weekend favoring pollination with only light showers expected across the Midwest this week. Even with this week's decline, the soil moisture continues to be better than last year and the long-term average.