Started by metmike - Aug. 5, 2019, 2:28 p.m.
According to a Reuters poll, analysts see crop conditions for #corn, #soybeans, and spring #wheat each falling 1 point on the week.
By metmike - Aug. 5, 2019, 5:30 p.m.
U.S. Crop Progress, Aug. 4:
#Corn 57% good/exc condition (-1 pt on wk)
#Soybeans 57% good/exc (unch) Spring
#wheat 73% g/e (unch)
#Cotton 54% g/e (-7 pts on wk)
Sorghum 68% g/e (-3 pts on wk)
By metmike - Aug. 5, 2019, 5:31 p.m.
U.S. #corn conditions fall 1 point to 57% good/excellent led by declines in Illinois, Nebraska, Kansas, Colorado, and Texas. Conditions in Indiana and Ohio continue to be poor but they were unchanged on the week. Iowa improved 1 pt to 66% g/e.
By metmike - Aug. 5, 2019, 5:32 p.m.
Conditions for U.S. #soybeans were unchanged on the week at 54% good/excellent, but top producer Illinois fell 4 points to 40%. Nebraska dropped 4 while Iowa improved 3, and Ohio fell 1 point to 29% good/excellent.
By metmike - Aug. 5, 2019, 5:33 p.m.
Here's planting progress for #soybeans versus the previous 5 years and their yields as a reminder. On June 1, just 38% of the U.S. soybean crop was planted versus and average of 78%.
As of Sunday, 72% of U.S. #soybeans were blooming, well off 87% avg. Here's 2019 versus the previous 5 years where we have experienced much elevated yields relative to prior years. Average is 49.7 bpa. This year we will find out if you can plant >50% of a bean crop in June.