Aug 27, 2024
2024 U.S. Corn Declined 2% to 65% Gd/Ex, Soy Declined 1% to 67%
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Corn - The condition of the 2024 U.S. corn crop declined 2% to 65% rated good/excellent. Five states indicated that the corn condition improved last week, 11 states indicated that the corn condition declined last week, and 2 was unchanged. Most of the improvements were found in the northern areas while most of the declines were found across the Midwest. The top five rated corn states are: Iowa, Michigan, Missouri, South Dakota and a tie between Nebraska and Indiana. The five lowest rated corn states are: North Carolina, Colorado, Texas, Pennsylvania, and Kansas.
Some of the hottest temperatures of the summer are being recorded this week across the Corn Belt. Yields of some of the later planted corn could be trimmed especially in areas that had previously been in a drying trend.
Soybeans - The condition of the 2024 U.S. soybean crop declined 1% to 67% rated good/excellent. Four states indicated that the soybean condition improved last week, 13 states indicated that the soybean condition declined last week, and 1 was unchanged. Most of the improvements were found in the northern areas while most of the declines were found across the Midwest. The top five rated soybean states are: Iowa, Arkansas, Missouri, Nebraska, and Indiana. The five lowest rated soybean states are: Ohio, North Carolina, Tennessee, Kansas, and Kentucky.
Late developing soybeans are currently filling pods and the recent hotter and dryer conditions could trim the soybean yield due to smaller seed size and lighter seed weight.
Soil Moisture - The nation's topsoil moisture declined last week with 0 states indicating improved soil moisture and 18 states indicating lower soil moisture. The declines were found across the Midwest. The five states with the highest soil moisture are: North Carolina, Minnesota, North Dakota, Wisconsin, and Missouri. The five states with the lowest soil moisture are: Ohio, Mississippi, Louisiana, Arkansas, and Tennessee.
The weather last week was generally cool and dry with the rain favoring parts of the western Corn Belt while most of the central and eastern areas remained dry. Rainfall this week will favor western and northern areas once again. Hotter weather is expected across the central U.S. this week with some of the highest temperatures of the summer. The soil moisture index is expected to decline again next week with the hotter temperatures this week.