Corn conditions declined slightly over the past week but the 10 day weather forecast looks favorable for the top 18 corn producing states.
As of July 14, 2013, 9% of the corn crop was in poor or very poor condition, compared to 8% last week. Corn in good or excellent condition was 66%, a 2% decline from last week. Corn at the silking growth stage was only at 16%, compared to 67% from a year ago.
Soybean condition was 8% of the crop in poor or very poor condition, compared to 30% last year. Soybeans in good or excellent condition were 65%, compared to 34% last year. Only 26% of the soybean crop was in the blooming growth stage thus far, 37% behind last year at this time.
As of July 14, 2013, winter wheat was 67% harvested, compared to 81% last year at this time. 5% of the spring wheat crop was in poor or very poor condition, compared to 8% last year. Spring wheat in good or excellent condition was 70%, compared to 72% last week. Of the entire spring wheat crop, 71% was headed this week, compared to the five-year average of 73%.
Year to year corn prices are down 30.9%, soybeans are down 11.0% and wheat is down 24.3%.
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