USDA Weekly Crop Progress - Soy Condition Improves Slightly While Corn, Spring Wheat Conditions Decl

OMAHA (DTN) -- Corn and spring wheat conditions continued to decline last week while soybean condition improved slightly, according to USDA's weekly Crop Progress report released Monday.

USDA rated corn condition at 61% good to excellent as of Sunday, July 30, down 1 percentage point from the previous week's 62%. That resulted in a DTN Corn Condition Index of 144, down 3 points from the previous week. DTN's index is down from 183 a year ago and is still lower than the past four years, according to DTN Analyst Todd Hultman.

Corn development was lagging slightly behind the normal pace with 23% of the crop in the dough stage as of Sunday, down from 28% a year ago and down from the five-year average of 25%.

"Monday's report is bullish for corn," Hultman said.

In contrast to corn, soybean conditions improved slightly last week, according to USDA. Fifty-nine percent of soybeans were rated good to excellent as of Sunday, up 2 percentage points from 57% the previous week. That resulted in a DTN Soybean Condition Index of 139, which is up 4 points from the previous week. The index is down from 172 a year ago and is still lower than the past four years, Hultman said.

USDA estimated that 82% of soybeans were blooming as of Sunday, down from 84% a year ago, but above the five-year average of 80%. Forty-eight percent of soybeans were setting pods, which is down from 51% a year ago but above the five-year average of 45%.

"Monday's report is neutral for soybeans," Hultman said.

Meanwhile, spring wheat conditions continued to decline last week to 31% good to excellent, down 2 percentage points from 33% the previous week. That resulted in a DTN Spring Wheat Condition Index of 28, which is down 9 points from the previous week. DTN's index is down from 160 a year ago and is still the lowest since 1988.

USDA estimated that 9% of spring wheat was harvested as of Sunday, even with a year ago and even with the five-year average of 9% harvested.

"Monday's report remains bullish for spring wheat," Hultman said.

Winter wheat harvest progressed to 88% complete as of Sunday, even with a year ago and above the five-year average of 86%, according to USDA. "Monday's harvest progress is neutral for winter wheat," Hultman said.

Sorghum was 49% headed and 23% coloring, compared to 38% and 21% last week, 59% and 26% last year, and averages of 52% and 28%. Sorghum condition improved to 61% good to excellent, compared to 59% the previous week.

Barley was 6% harvested as of Sunday, behind 10% last year and also behind the average pace of 9%. Oats were 35% harvested, compared to 24% last week, 51% last year and a 45% average.

Cotton was 87% squaring and 46% setting bolls, compared to 77% and 36% last week, 91% and 53% last year, and 91% and 53% on average. Cotton condition improved slightly to 56% good to excellent from 55% the previous week. Rice was 64% headed, compared to 49% last week, 69% last year and a 57% average. Rice condition declined slightly to 71% good to excellent from 72% the previous week.

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