AGRIBUSINESS: Nation’s Corn and Soybean Progress
Progress of the nation’s corn and soybean crops is still lagging the five-year average rate, but the gap is closing and condition ratings are improving. According to the latest USDA report, just 3% of the corn crop is silked, compared with 22% last year and a five-year average of 9%.
But the percent of corn rated good to excellent has improved modestly to 67%. At this time last year – just 48% of the crop was rated good to excellent.
Soybeans are now 91% emerged – compared to 81% last week and a five-year average of 94%.
67% percent of the crop is rated good to excellent – up from 65% the previous week and 45% at this time last year.