Corn - soybeans- corn in field wakr10/ThinkstockPhotos

USDA: Corn drops 2 points to 62% g/e, soybeans down 4 to 57%

Spring wheat down again to 33% g/e.

Corn, soybeans and spring wheat all posted lower condition ratings, as expected, in USDA’s latest weekly report as either hot and dry weather or excessively wet conditions took a toll on crops.

Corn dropped two points to 62% good/excellent. Ratings dropped a few points in Iowa, Nebraska and North Dakota, but improved a little in Illinois.

Soybeans dropped 4 points to 57% good/excellent with notable declines in Illinois, 59% vs 67% a week ago, and Nebraska, 59% vs 63%. Iowa soybeans slipped to 62% from last week’s 63%.

The Illinois report showed abundant precipitation across the northern third of the state where creeks and rivers have flooded following recent storms. It also showed below-average growing degree days there.

Iowa had trouble with excess rain in northeast and drought conditions in the south-central part of the state.

“Major flooding occurred over parts of northeast Iowa where torrential rains fell Friday and Friday night while parts of the moderate drought area in south central Iowa received no rain at all. For the most part the heavier rains fell in what were already the wetter portions of the state,” the report said.

Spring wheat declined for the eighth straight week, the latest being a one-point drop to 33% good to excellent as slippage in Idaho, Montana and Washington more than offset some improvement in Minnesota and stable readings in North and South Dakota.

Idaho reported hot, dry conditions in the southwest area where a high of 104 was recorded.

Winter wheat was 84% harvested to lead the five-year average by four points. The Kansas harvest was done versus the 99% average. Nebraska’s harvest was at 93% versus the 77% average.

In other tallies, USDA had corn silking at 67% versus the 69% average and the dough stage was 8% versus the 13% average. Soybeans setting pods reached 29% versus the 27% average.

Iowa corn was 4% in the dough stage versus the 8% average, Illinois was at 7% versus the 22% average and Nebraska was at 9% versus the 12% average.

Nationally, sorghum was 38% headed versus the 42% average. The crop was rated 59% good/excellent versus 63% a week ago.

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