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US corn crop continues to deteriorate

43 percent of the US corn crop has been rated as fair, poor or very poor by the USDA. This is a 13 percent increase for the crop within this range last year. Soybeans are expected to fair the same.


June 17, 2008
By meatingplace.com

June 17, 2008

USDA rated
43 percent of the U.S. corn crop as fair, poor or very poor based on conditions
in the week ended June 15, compared with just 30 percent of the crop rated in
that range last year.

In its weekly Crop Progress report, USDA rated 3 percent of the crop as very
poor, 9 percent as poor, 31 percent as fair, 48 percent as good and 9 percent
as excellent.

More than 50 percent of the corn crops in Iowa, Missouri and Texas were rated fair, poor or very poor,
due to flooding in
Iowa and Missouri and drought conditions in Texas.

There is concern about the yield potential of flooded crops that may have to be
replanted.
Illinois Crop Sciences Professor Emerson Nafziger's analysis of previous years'
corn planting data in Illinois determined that about 50 percent of
the maximum yield can be expected when planting is done around June 15 to 20.

Soybeans

USDA rated 44 percent of the U.S. soybean crop as fair, poor or very
poor, compared with 35 percent in that range this time last year. It rated 2
percent of this year's crop as very poor, 8 percent poor, 34 percent fair, 49
percent good and 7 percent as excellent.

Just 71 percent of the soybean crop has emerged, compared with 90 percent by
this time last year and 86 percent on average over the past five years.


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