Aug 16, 2022

U.S. Corn Down 1% to 57% Gd/Ex, Soy Down 1% to 58% Gd/Ex

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

Corn - The condition of the 2022 U.S. corn crop declined 1% last week to 57% rated good/excellent. Nine states indicated that the corn condition had improved last week, 8 states indicated that the condition had declined, and 1 state was unchanged. Most of the improvements were found in the northern and eastern areas while most of the declines were found in the central and western areas. The top five rated corn states are: Wisconsin, Illinois, Michigan, Iowa, and North Dakota. The five lowest rated corn states are: Texas, Kansas, Tennessee, North Carolina, and Kentucky.

Rains last week and over the weekend favored the northern and eastern Midwest. Western and central Iowa received beneficial rain today (Monday) while dryness continues in most of Nebraska, and Kansas. Rain is expected this week across the western Midwest and Delta and cooler weather will prevail across most of the Corn Belt this week.

Soybeans - The condition of the 2022 U.S. soybean crop declined 1% last week to 58% rated good/excellent. Nine states indicated that the soybean condition had improved last week and 9 states indicated that the condition had declined. Most of the improvements were found in the northern and eastern areas while most of the declines were found in the central and western areas. The top five rated soybean states are: Indiana, Wisconsin, Illinois, Michigan, and Minnesota. The five lowest rated soybean states are: Kansas, Kentucky, Missouri, Nebraska, and Tennessee.

The soybeans are in the midst of pod filling and the forecast is calling for increased chances of rainfall this week and cooler temperatures both this week and next week. These conditions should help the pod filling process.

Soil Moisture - The nation's topsoil moisture declined last week with 6 states indicating improved soil moisture and 12 states indicating lower soil moisture. Most of the improvements were found in the eastern Corn Belt and Delta while most of the declines were found in the central and western areas. The five states with the highest soil moisture are: Tennessee, Ohio, Illinois, Wisconsin, and Minnesota. The five states with the lowest soil moisture are: Kansas, Nebraska, Missouri, Iowa, and South Dakota.

There were some beneficial rains in eastern Nebraska and western Iowa on Monday. The western Corn Belt continues to be the focus of the dryness concerns especially in Kansas, Nebraska, and parts of South Dakota and North Dakota. The cooler temperatures in the forecast will help to stretch out the soil moisture supplies.