As I suspected earlier, that bean condition did drop. -1% from the gd/ex but +2% in the p/vp from too much rain north, and hot/dry south.
The double crop beans are getting hurt bad by the hot/dry right now(and later planted ones in the southern and eastern cornbelt.
Cotton ratings dropped another 2% also.......from the worsening drought in the south.
metmike: Below are the crop ratings for beans this Summer, thru August compared to the previous 6 years.......which were the 6 highest yielding years in history. Not much week to week changes, despite a pretty large area turning very dry. The increase in CO2, which makes plants more water efficient/drought tolerant is helping and of course its a big atmospheric fertilizer.
If we had kept all things the same/equal and gone back to the "old climate" and CO2 levels of 100 years ago from 1913-1919 instead of 2013-2019, there is no question that ratings, production and yields would have been MUCH lower. Likely more than 25% lower for soybeans because they use the C3 pathway for photosynthesis and C3 plants benefit the most from this.
and sell it not; also wisdom, and instruction, and understanding
Here are the corn ratings from this past Summer. Also pretty steady, despite the very dry conditions in the central and eastern belt during much of that time(fortunately, no sustained extreme heat or the ratings would have dropped)