During the crucial pollination period, cool and wet weather the past week was positive for corn conditions.
As of August 4, 2013, 11% of the corn crop was in poor or very poor condition, compared to 50% last year at this time. Corn in good or excellent condition was 64%, compared to 23% a year ago. Corn at the silking growth stage was at 86%, 3% behind the five year average. Corn in the dough stage was 18%, compared to the five year average of 31%.
Soybean condition was 9% of the crop in poor or very poor condition, compared to 39% last year. Soybeans in good or excellent condition were 64%, compared to 29% last year. 79% of the soybean crop was in the blooming growth stage thus far, 14% behind last year at this time. Soybeans setting pods were at 39%, compared to 69% last year at this time.
Winter wheat was 87% harvested, compared to 89% last year at this time. 7% of the spring wheat crop was in poor or very poor condition, compared to 11% last year. Spring wheat in good or excellent condition was 68%, compared to 63% last year at this time. Of the entire spring wheat crop, 97% was headed, compared to the five-year average of 98%.
Corn prices decreased 4.1% over the past week ending at $4.69 per bushel, soybean prices decreased by 2.8% over the past week ending at $13.29 per bushel, and wheat prices ended the week at $6.45 per bushel, a 0.9% decrease from last week. Year to year corn prices are down 41.6%, soybeans are down 17.3%, and wheat is down 27.8%.
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