Jun 11, 2024

2024 U.S. Corn Condition 74% GD/EX, Soybeans 72% GD/EX

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

Corn - The 2024 U.S. corn condition declined 1% last week to 74% rated good/excellent. Nine states indicated that the corn condition improved last week while 8 states indicated that the corn condition declined and 1 was unchanged. Most of the improvements were found in the western Corn Belt while most of the declines were found in the eastern Corn Belt. The top five rated corn states are: Nebraska, Pennsylvania, South Dakota, Ohio, and Illinois. The five lowest rated corn states are: Texas, Kentucky, Colorado, Kansas, and Missouri.

The 2024 U.S. corn condition continues to get off to a generally good start. The condition rating next week should be down 1-2 points. The corn is 95% planted and 85% emerged and the forecast for this week looks generally dryer, but still favorable.

Soybeans - In the first rating for the 2024 growing season, the U.S. soybean crop was rated 72% good/excellent, which is two points below the 74% rated good/excellent for corn. The top five rated soybean states are: Nebraska, Mississippi, South Dakota, Louisiana, and Tennessee. The five lowest rated soybean states are: Missouri, Kentucky, North Dakota, North Carolina, and a tie between Kansas and Michigan.

Soybeans are also getting off to a generally good start and the rating next week should be down 1-2 points.

Soil Moisture - The nation's topsoil moisture declined last week with 1 state indicating improved topsoil moisture and 17 states indicating lower topsoil moisture. Wisconsin was the only state that indicated improved soil moisture. Soil moisture declined in virtually all the Midwestern states. The five states with the best topsoil moisture are: Wisconsin, Louisiana, Kentucky, Minnesota, and Ohio. The five states with the lowest topsoil moisture are: North Carolina, Kansas, Mississippi, Nebraska, and South Dakota.

After a generally wet month of May, the forecast is calling for dryer weather during the first half of June especially in the eastern Corn Belt. Scattered showers are possible this week across the northern Midwest. Below normal rainfall across most of the Corn Belt will allow corn and soybean planting to finish. There is ample soil moisture for the most part, but the soil moisture will decline this week.