Status of 2023 Corn and Soybean Crops
The USDA Crop Progress Report released on June 12th documented completed planting of corn and a continued sowing of soybeans. The report confirmed advanced emergence of corn and soybeans for the 2023 crop. Soybeans and corn are both ahead of the five-year average with respect to these parameters.
Based on surveys this week USDA will release projected production and inventory data on June 30th in the Acreage and Grain Stocks Report. The effect of the ongoing transition to an El Nino event will become apparent later in the growing season from USDA WASDE reports, Crop Progress Reports and pre-harvest crop-tour evaluations.
Based on the sum of the categories of “very short” and “short” subsoil and surface moisture levels are now lower than for the corresponding weeks in 2022. For topsoil moisture the values for 2022 and 2023 are 25 percent and 46 percent respectively. Areas in the corn-belt are in drought. Germination and early growth is advanced. EGG-NEWS will report on the progress of the two major crops as monitored by the USDA through the end of the 2023 harvest in November.
Reference is made to the June 9th WASDE Report #637 and the weekly Commodity and Energy Report in this edition documenting acreage to be harvested, yields and ending stocks.
WEEK ENDING
|
Crop
|
June 4th 2023
|
June 12th 2023
|
5-Year Average
|
|
Corn Planted (%)
Corn emerged (%)
|
96
85
|
100
93
|
100
87
|
|
Soybeans planted (%)
Soybeans emerged (%)
|
91
74
|
96
86
|
86
70
|
|
|
|
|
|
| |
|
|
|
|
|
Crop Condition
Awaiting USDA data
|
V. Poor
|
Poor
|
Fair
|
Good
|
Excellent
|
|
Corn 2023 (%)
Corn 2022 (%)
|
2
1
|
6
4
|
31
23
|
51
59
|
10
13
|
|
Soybeans 2023 (%)
Soybeans 2022 (%) N/A
|
2
1
|
7
4
|
32
25
|
51
59
|
8
11
|
|
Parameter
|
V. Short
|
Short
|
Adequate
|
Surplus
|
|
Topsoil moisture: Past Week
|
15
|
31
|
50
|
4
|
|
Past Year
|
9
|
16
|
63
|
12
|
|
Subsoil moisture: Past Week
|
14
|
33
|
50
|
3
|
|
Past Year
|
11
|
17
|
62
|
10
|