Wheat falls for 5th day on abundant supplies, corn at 2-week low

The National Corn Growers Association represents more than 40,000 farmers nationwide and works together with affiliated state organizations to create and increase opportunities for corn growers. Therefore the USDA’s corn yield increase was without question a blow to Corn Bulls, especially those hoping that harvest progress in the Eastern Corn Belt would potentially reveal sharply lower yield estimates in Illinois, Indiana, and Ohio.

Then there is the “acceleration in USA autumn soy exports” to factor in, as South American supplies, from harvests beginning early in the calendar year, run dry at this time of year. This was the second most days suitable for fieldwork this crop season, just behind last week’s 6.4 days suitable. The Maranhao-Piaui-Tocantins (MaPiTo) frontier region has put expansion plans on hold due to the current economic downturn; already cleared land, however, will be planted to soybeans. There were also reports of manure being spread.

The average temperature for the West Southwest District was 62.1 degrees for the week, a five percent increase from normal.

The latest U.S.D.A. crop report shows the harvest is 12 days ahead of a year ago for corn and 10 days ahead for soybeans, but one section of the state is lagging well behind those numbers.

Approximately 68 percent of corn crops this year are considered to be in good or excellent condition.

Topsoil moisture levels rated 0 percent very short, 6 percent short, 86 percent adequate and 8 percent surplus.

The USDA is estimating this year’s corn and soybean yields to be at a record high, with 184 bushels of corn and 48 bushels of soybeans per acre.

Eighty-five percent of sorghum is mature and 51% is harvested, compared to 77% and 43% last week and five-year averages of 75% and 44%, respectively.

“Texas continues to run 10 percentage points behind its average planting rate”, Newsom said. The average trade estimate for the crop progress report due out Tuesday, is soybean harvest near 60% complete. With 28 percent of its corn in these conditions, North Carolina reported the worst corn in the nation. Local soybeans are dropping leaves at 96 percent and 82 percent of the crop has been harvested.

Livestock conditions were described as excellent, with scattered reports of calves being weaned.