USDA Weekly Crop Progress - Report Neutral for Corn, Soybeans

OMAHA (DTN) -- Corn condition was down just 1 percentage point from the previous week while soybean condition was up by 1 point, according to USDA's weekly Crop Progress report released Monday.

USDA estimated that 60% of the U.S. corn crop was in good-to-excellent condition as of Sunday, Aug. 6, down from 61% the previous week. That resulted in a DTN Corn Condition Index of 143, also down 1 point from the previous week. DTN's index is down from 178 a year ago and is still lower than the past four years, said DTN Analyst Todd Hultman.

Ninety-three percent of corn was silking as of Sunday, down from 96% a year ago and below the five-year average of 94%. Forty-two percent of corn was in the dough stage, down from 50% a year ago, and down from the five-year average of 44%. Seven percent of corn was dented, down from 8% a year ago and down from the five-year average of 11% dented.

"Monday's USDA Crop Progress report is neutral for corn," Hultman said.

While corn condition was down 1 point, soybean condition improved by 1 point, from 59% good to excellent the previous week to 60% good to excellent this past week, USDA said. That resulted in a DTN Soybean Condition Index of 143, which is up 4 points from last week. The index is down from 173 a year ago and is still lower than the past four years, Hultman said.

USDA estimated 90% of soybeans were blooming as of Sunday, even with a year ago, but above the five-year average of 88%. Sixty-five percent of soybeans are setting pods, which is down from 67% a year ago, but above the five-year average of 62%.

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

Spring wheat also saw a 1-percentage-point increase in condition, from 31% good to excellent the previous week to 32% good to excellent this past week. That resulted in a DTN Spring Wheat Condition Index of 31, which is up 3 points from a week ago. DTN's index is down from 165 a year ago and is still the lowest since 1988, Hultman said.

Twenty-four percent of spring wheat was harvested, down from 27% a year ago, but above the five-year average of 21% harvested.

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

Meanwhile, winter wheat harvest progressed to 94% complete as of Sunday, up from 93% a year ago and above the five-year average of 92%, USDA said.

"Monday's harvest progress is neutral for winter wheat," Hultman said.

Sorghum was 62% headed and 26% coloring, compared to 49% and 23% last week, 72% and 30% last year, and averages of 63% and 32%. Sorghum condition held steady from the previous week at 61% good to excellent.

Barley was 25% harvested as of Sunday, behind 29% last year but ahead of the average pace of 22%. Oats were 50% harvested, compared to 35% last week, 66% last year and a 59% average.

Cotton was 93% squaring, 58% setting bolls and 8% bolls opening compared to an average pace of 96% squaring, 68% setting bolls and 7% bolls opening. Cotton condition improved slightly to 57% good to excellent from 56% good to excellent the previous week. Rice was 84% headed, ahead of the average of 72%, and 9% of rice was harvested as of Sunday, ahead of the average of 5% harvested. Rice condition improved slightly to 72% good to excellent from 71% good to excellent the previous week.

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