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August 25, 2020

2020 U.S. Corn Condition Declines 5% G/E, Soy Declines 3% G/E

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

Corn - The condition of the 2020 U.S. corn crop declined 5% last week to 64% rated good to excellent. Two states indicated that the corn condition improved last week while 16 states indicated that the corn condition declined last week. The two states where the corn condition improved were Kentucky and North Dakota while all the rest of the states declined. The top five rated corn states are: Minnesota, Wisconsin, Kentucky, Missouri, and Illinois. The five lowest rated corn states are: Colorado, Iowa, Pennsylvania, Texas, and Ohio.

The decline in the corn condition is the result of the ongoing dry weather in many areas and the impact from the derecho storm. The corn condition in Iowa declined 9% G/E, Nebraska declined 7%, and Michigan declined 11%.

Soybeans - The condition of the 2020 U.S. soybean crop declined 3% last week to 69% rated good to excellent. Two states indicated that the soybean condition improved last week, 14 states indicated that the soybean condition declined last week and two were unchanged. The two states where the soybean condition improved were Kentucky and North Dakota while the other states declined or were unchanged. The top five rated soybean states are: Wisconsin, Louisiana, Minnesota, Kentucky, and Missouri. The five lowest rated corn states are: Iowa, Ohio, North Carolina, Michigan, and a tie between North Dakota and Mississippi.

Soybeans are sensitive to dry weather in August and many of the dryer areas are going to end the month of August with only about 25% of their monthly rainfall for the month. The soybean condition in Michigan declined 10% G/E, South Dakota declined 10% G/E, and Iowa declined 6% G/E.

Soil Moisture - The nation's soil moisture declined last week with 1 state indicating improved soil moisture, 16 states indicating lower soil moisture and 1 was unchanged. The only state with improved soil moisture was Kentucky while all the other states indicated lower soil moisture. The five states with the best soil moisture are: North Carolina, Kentucky, Minnesota, Tennessee, and Missouri. The five states with the lowest soil moisture are: Iowa, Nebraska, Michigan, Ohio, and Arkansas.

The nation's soil moisture declined for the third week in a row which was no surprise given the lack of rainfall during August in many locations. Temperatures are again above normal in many areas which is leading to additional moisture stress. The soil moisture in Iowa is rated 76% short to very short, Nebraska is 64% short to very short, Michigan is 63% short to very short, and Ohio is 60% short to very short.