Corn crop still on track for a banner year

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corn Thanks to cooler summer weather, corn conditions remain the best seen since 2004.

According to the USDA’s latest Crop Progress report, 73 percent of the country’s corn is rated in good or better condition. Throughout the growing season, the percentage of corn rated in these conditions has yet to drop below 73 percent.

By this time last year, 64 percent of corn was rated in these conditions – just weeks before the so-called “flash drought” returned to parts of the central Corn Belt and sent corn conditions plummeting.  

The 2014 corn crop lucked out thanks to cooler weather, which also helped to ease the impact of a mostly dry July. Using historical Crop Progress data, this year’s impressive crop stands out as the best in a decade:

Figure 1: Historical crop progress data

Date Released

Very Poor

Poor

Fair

Good

Excellent

Aug. 11, 2014

2

5

20

52

21

Aug. 12, 2013

3

8

25

46

18

Aug. 13, 2012

26

25

26

20

3

Aug. 15, 2011

5

10

25

46

14

Aug. 9, 2010

3

7

19

48

23

Aug. 10, 2009

3

7

22

49

19

Aug. 11, 2008

3

7

23

48

19

Aug. 13, 2007

6

12

26

41

15

Aug. 14, 2006

7

11

25

41

16

Aug. 15, 2005

9

14

26

38

13

Aug. 9, 2004

2

5

17

50

26

Conditions may be on-par with the 2004 crop, which produced roughly 11.8 billion bushels, surpassing the previous record by more than 1.7 billion bushels.  When looking at corn progress, the 2014 corn crop is ahead of 2004’s pace:

click image to zoom

Soybeans: Conditions shrink a tad
The USDA’s report also showed that the country’s soybeans are progressing ahead of both the five-year average and last year’s pace. Seventy-two percent of soybeans are setting pods, compared to 55 percent last year and the five-year average of 65 percent.

Soybean conditions slipped slightly from last week’s report, with 70 percent in good or excellent condition, compared to 71 percent last week.

Click here to read the full Crop Progress report.


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