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August 29, 2017

U.S. Corn Condition Unchanged, Soybeans Improve Slightly

Corn - The condition of the 2017 U.S. corn crop held steady last week at 62% rated good to excellent. Six states indicated that the corn condition had improved last week and 10 states indicated that the corn condition had declined last week with 2 states unchanged. Most of the improvements were found in the northern and southern Corn Belt while most of the declines were found in the central Corn Belt. The top five rated corn states are: Pennsylvania, Tennessee, Texas, Minnesota, and Kentucky. The five lowest rated corn states are: South Dakota, North Dakota, Indiana, Illinois, and Kansas.

The recent moisture has tended to stabilize the corn crop, but the cool temperatures are causing the corn crop to slow down in its development.

Soybeans - The condition of the 2017 U.S. soybean crop improved 1% last week to 61% rated good to excellent. Eleven states indicated that the soybean condition had improved last week while 7 states indicated that the soybean condition had declined last week. Most of the improvements were found in the northern and southern Corn Belt while most of the declines were found in the central Corn Belt. The top five rated soybean states are: Tennessee, Mississippi, Wisconsin, Kentucky, and a tie between Minnesota and North Carolina. The five lowest rated soybean states are: South Dakota, North Dakota, Indiana, Illinois, and Kansas.

This marks five weeks in a row that the soybean condition has slowly improved. It would had been better if the recent rains occurred in early August instead of late August, but as they say - better late than never.

Soil Moisture - The nation's soil moisture improved slightly last week with 5 states indicating improved soil moisture while 10 states indicating lower soil moisture and three states were unchanged. Most of the improvements were found in the western Corn Belt while most of the declines were found in the eastern Corn Belt. The five states with the highest soil moisture are: Louisiana, Mississippi, Wisconsin, Minnesota, and North Carolina. The five states with the lowest soil moisture are: North Dakota, Michigan, Illinois, South Dakota, and Iowa.

This marks four weeks in row that the soil moisture has improved. The soil moisture bottomed out at the end of July and it been slowly improving through August. You can see from the Soil Moisture Index graph that historically the soil moisture bottoms out about the third week of August, so it happened a little earlier this year.