Status of 2023 Corn and Soybean Crops
The USDA Crop Progress Report released on June 20th documented completed planting of corn and soybeans. The report confirmed advanced emergence of soybeans compared to the five-year average.
Drought in the Midwest has resulted in deterioration in the quality of both corn and soybeans compared to the 2022 crop for the corresponding week as noted in the table below.
Based on the sum of the “very short” and “short” categories, subsoil and surface moisture levels are now lower than for the corresponding weeks in 2022. For topsoil and subsoil, moisture values for 2023 are 47 and 45 percent for the two lowest categories respectively compared to 25 percent and 28 percent in 2022. Areas in the corn-belt are in drought with germination and early growth advanced. It is too early to determine whether transition to an El Nino will bring relief in coming weeks.
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.
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 11th 2023
|
June 18th 2023
|
5-Year Average
|
|
Corn Planted (%)
|
100
|
100
|
100
|
|
Corn Emerged (%)
|
93
|
96
|
94
|
| |
|
|
|
|
Soybeans planted (%)
|
100
|
100
|
100
|
|
Soybeans emerged(%)
|
86
|
92
|
81
|
| |
|
|
|
|
|
|
Crop Condition
|
V. Poor
|
Poor
|
Fair
|
Good
|
Excellent
|
|
Corn 2023 (%)
|
3
|
9
|
33
|
47
|
8
|
|
Corn 2022 (%)
|
1 |
5 |
24 |
57 |
13 |
|
Soybeans 2023 (%)
|
3 |
9 |
34 |
57 |
7 |
|
Soybeans 2022 (%)
|
1 |
5 |
26 |
58 |
10 |
|
 |
|
Parameter
|
V. Short
|
Short
|
Adequate
|
Surplus
|
|
|
Topsoil moisture: Past Week
|
16
|
31
|
49
|
4
|
|
Past Year
|
12
|
23
|
59
|
6
|
|
Subsoil moisture: Past Week
|
15
|
33
|
49
|
3
|
|
Past Year
|
12
|
21
|
61
|
6
|
| |
|
|
|
|
|
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. 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.