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The condition of U.S. corn and soybean crops continues to get worse as the drought drags on....

The condition of U.S. corn and soybean crops continues to get worse as the drought drags on. According to the USDA, ~39% of soybeans were rated poor to very poor as of yesterday vs. 37% a week earlier, while 50% of corn got the lowest ratings vs. 48% a week earlier. 23% of corn was rated good or excellent, marking the ninth straight weekly decline in the longest slump since at least 1986.
Comments (4)
  • Some of us have understood this - and understood the cause - for quite some time.

     

    http://seekingalpha.co...
    7 Aug 2012, 08:56 AM Reply Like
  • The USDA has been remarkably incorrect in the recent past. One just cannot rely upon their announcements.

     

    I was in NW Ohio over the weekend, looking to purchase land, and the corn crop is rated by the actual growers at 80% good. Soybeans appeared to be healthy so the USDA report certainly does not pertain to Ohio. Downstate, they've received substantially more rain so I assume the crops are much better but I have not personally observed.
    7 Aug 2012, 10:16 AM Reply Like
  • spaid_fr,

     

    Follow the link I provided and look at the map and the associated data. Ohio is ok. Only ~15% of the state is beyond stage 1 drought. Compare that to places like Illinois, Iowa, and Nebraska - where 100% of the states are beyond stage one drought. Now for the bad news: The three states above are responsible for 47% of the nation's corn crop... Ohio is responsible for 4%.

     

    Seriously, look at the DATA.
    7 Aug 2012, 11:14 AM Reply Like
  • I clearly didn't read those data which you linked. My observations are from personal visits to NW Ohio. As you note, Ohio barely registers on the meter.
    7 Aug 2012, 01:15 PM Reply Like
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