USDA Weekly Crop Progress - Report Remains Neutral for Corn, Soybeans

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

USDA estimated that 62% of corn was in good-to-excellent condition at the end of last week, up slightly from 60% the previous week. That resulted in a DTN Corn Condition Index of 148, up 5 points from the previous week. DTN's index is down from 179 a year ago and is still lower than the past four years, according to DTN Analyst Todd Hultman.

Corn progress continued to lag behind the normal pace with 97% of the crop silking as of Sunday, down from 99% a year ago and below the five-year average of 98%. Sixty-one percent of corn had reached the dough stage, down from 70% a year ago, and down from the five-year average of 62%. Sixteen percent of corn was dented, down from 19% a year ago and down from the five-year average of 20% dented.

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

Soybean progress, on the other hand, was slightly ahead of normal with 94% of soybeans blooming as of Sunday, even with a year ago and above the five-year average of 93%. Seventy-nine percent of soybeans were setting pods, which is up from 78% a year ago and above the five-year average of 75%.

Soybean condition fell slightly from 60% good to excellent the previous week to 59% good to excellent this past week. That resulted in a DTN Soybean Condition Index of 142, which is down 1 point from the previous week. The index is down from 173 a year ago and is still lower than the past four years.

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

Meanwhile, USDA reported that 97% of winter wheat had been harvested as of Sunday, even with a year ago and above the five-year average of 96%.

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

Forty percent of spring wheat was harvested, down from 45% a year ago, but above the five-year average of 35% harvested. Thirty-three percent of spring wheat was rated good-to-excellent, up 1 percentage point from 32% the previous week. That resulted in a DTN Spring Wheat Condition Index of 31, which is the same as the previous ago. DTN's index is down from 155 a year ago and is still the lowest since 1988.

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

Sorghum was 31% coloring, behind the average of 38%, and mature was 21%, also behind the average of 25% mature. Sorghum condition improved to 64% good to excellent from 61% good to excellent the previous week.

Barley was 52% harvested as of Sunday, ahead of the average pace of 40%. Oats were 66% harvested, behind the average of 72%.

Cotton was 98% squaring, 80% setting bolls and 10% bolls opening compared to an average pace of 99% squaring, 81% setting bolls and 10% bolls opening. Cotton condition improved to 61% good to excellent from 57% good to excellent the previous week. Rice was 91% headed, ahead of the average of 83%, and 12% of rice was harvested as of Sunday, ahead of the average of 9% harvested.

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