Status of the 2024 Corn and Soybean Crops
The USDA Crop Progress Report released on May 13th documented planting and emergence for the 2024 season for soybeans (23 percent in the ground) and corn (49 percent). Corn planting is 5 percent behind the 5-year average but soybeans are ahead by 1 percent. Farmers experienced relatively wet conditions in four of the nine major states producing corn and soybeans through May 12th. Planting progressed in the “big-nine” (IL, IN, IA, KS, MI, MN, MO, NE and OH) with a collective average of 3.1 days suitable for field-work, (last week, 2.7 days) ranging from 1.7 days (IA) to 5.0 days (KS)
Based on the sum of the “adequate” and “surplus” categories, surface and subsoil moisture levels were higher than during the corresponding week in 2023. For the past week surface and subsoil moisture values were 82 and 78 percent for the two highest categories of ‘Adequate’ and ‘Surplus’. These levels were higher than the previous year with values of 76 and 68 percent respectively for the two highest categories, demonstrating an acceptable planting situation.
It is to early in the expected transition to a La Nina event to predict any impact on crop condition in coming months. If prolonged dry and hot weather in corn and soy areas occurs, yield will be depressed depending on timing and severity. A long-range forecast in the form of two charts is provided predicting rainfall and temperature during the growing season.
Reference is made to the May 10th WASDE Report #648 and the weekly Commodity, Economy and Energy Report, both in this edition, documenting acreage to be harvested, yields, weekly prices and ending stocks. The June WASDE will be reviewed in the June 14th edition.
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WEEK ENDING |
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Corn Status (18 states)
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March 31st 2024
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April 7th 2024
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5-Year Average
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Corn Planted (%)
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36
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49
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54
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Corn Emerged (%)
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12 |
23 |
21 |
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| Soybean Status (18 states) |
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Soybean planted (%)
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25
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35
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34
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Soybean Emerged (%)
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9
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16
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10
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Crop Condition
(pending USDA reports)
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V. Poor |
Poor
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Fair
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Good |
Excellent |
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Corn 2024 (%)
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| Corn 2023 (%) |
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Soybeans 2024 (%)
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| Soybeans 2023 (%) |
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Parameter 48 States
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V. Short |
Short
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Adequate
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Surplus |
| Topsoil Moisture: |
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Past Week
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4
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14
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64
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18
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| Past Year |
7 |
17 |
63 |
13 |
| Subsoil Moisture: |
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Past Week
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5
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17
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64
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14
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| Past Year |
11 |
21 |
59 |
9 |
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EGG-NEWS will report on the progress of the two major crops as monitored by the USDA through to the end of the 2024 harvest in November.