USDA Weekly Crop Progress - Report Neutral to Bullish for Soybeans; Neutral for Corn, Wheat

September 11, 2017

OMAHA (DTN) -- Soybean conditions fell slightly from the previous week and the crop's progress fell behind the average pace, according to USDA's weekly Crop Progress report released Monday.

USDA said 22% of soybeans were dropping leaves, as of Sunday, Sept. 10, down from 24% a year ago and below the five-year average of 25%. Sixty percent of the soybean crop was rated in good-to-excellent condition, down 1 percentage point from 61% the previous week. That resulted in a DTN Soybean Condition Index of 144, which was down 3 points from the previous week. The index is down from 175 a year ago and is lower than the past three years.

 

"Monday's report was neutral to bullish for soybeans," said DTN Analyst Todd Hultman.

 

Corn progress also continued to lag behind the normal pace with USDA reporting 96% of corn in the dough stage as of Sunday, down from 99% a year ago and down from the five-year average of 97%. Seventy-five percent of corn was dented, down from 85% a year ago and down from the five-year average of 81% dented. Twenty-one percent of corn was considered mature, down from 31% a year ago and the five-year average of 31% mature. Five percent of corn was harvested as of Sunday, even with a year ago but down from the five-year average of 6% harvested.

 

Sixty-one percent of corn was rated in good-to-excellent condition, the same as the previous week. That resulted in a DTN Corn Condition Index of 144, also the same as the previous week. DTN's index is down from 178 a year ago and is lower than the previous three years.

"Monday's report was neutral for corn," Hultman said.

 

Spring wheat harvest was nearing completion with USDA reporting that 95% of spring wheat was harvested as of Sunday, up from 94% a year ago and above the five-year average of 87% harvested.

"Monday's harvest progress was neutral for spring wheat prices," Hultman said.

 

Winter wheat farmers have also begun planting next year's crop, with USDA reporting 5% of winter wheat planted as of Sunday, even with a year ago and below the five-year average of 6% planted.

"Monday's first report of winter wheat planting progress was neutral for winter wheat," Hultman said.

Sorghum was 74% coloring, equal to the average pace, while mature was 35%, behind the average of 39%. Sorghum harvested was 24%, behind the average of 27%. Sorghum condition rose to 66% good to excellent from 63% the previous week.

 

Cotton was 34% bolls opening compared to an average pace of 40% bolls opening. Cotton harvest was estimated at 9%, ahead of the average of 4%. Nationwide, cotton condition fell to 63% good to excellent from 65% good to excellent the previous week.

 

Barley was 96% harvested as of Sunday, ahead of the average pace of 93%. Oats were 96% harvested, slightly behind the average of 97%. Rice was 43% harvested, slightly ahead of the average of 40% harvested.

 

Colorado

Dry conditions were ideal for fieldwork last week, allowing producers to achieve significant progress in harvest of small grains. Fall seeding of winter wheat has begun, but was delayed in areas needing moisture. There were 7.0 days suitable for fieldwork last week, compared to the previous week's 6.9 days. Topsoil moisture is 5% very short, 27% short and 68% adequate. Subsoil moisture is 5% very short, 25% short, 69% adequate and 1% surplus. Corn dough is 90% with 97% the five-year average. Corn dented is 54% with the five-year average 74%. Corn mature is 9% with 14% the five-year average. Corn silage harvested is 32% with the five-year average 37%. Corn crop condition is 14% very poor to poor, 28% fair and 58% good to excellent. Barley harvested is 85% with five-year average 90%. Sorghum turning color is 65%, also the five-year average. Sorghum mature is 5% with 12% being the five-year average. Spring wheat harvested is 70% with the five-year average 69%. Winter wheat planted is 11% with the five-year average 13%.

 

Illinois

Dry, cool weather continued across most of the state last week. There were 6.9 days suitable for fieldwork during the week ending Sept. 10. Statewide, the average temperature was 63.2 degrees, 6.8 degrees below normal. Precipitation averaged 0.09 inch, 0.55 inch below normal. Topsoil moisture supply was rated at 19% very short, 45% short, and 36% percent adequate. Subsoil moistur