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July 25, 2017

U.S. Corn Condition Declines 2%, Soybeans Decline 4%

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

Corn - The condition of the 2017 U.S. corn crop declined 2% last week to 62% rated good to excellent. Seven states indicated that the corn condition had improved last week and 10 states indicated that the corn condition had declined last week with 1 state unchanged. Most of the improvements were found in the northern and eastern Corn Belt while most of the declines were found in the western and southern Corn Belt. The top five rated corn states are: Tennessee, Pennsylvania, North Carolina, Texas, and Minnesota. The five lowest rated corn states are: South Dakota, North Dakota, Colorado, Indiana, and Nebraska.

Corn conditions declined in the western and southwestern Corn Belt due to the recent hot and dry conditions. The corn showed improvements in some of the northern and eastern areas.

Soybeans - The condition of the 2017 U.S. soybean crop declined 4% last week to 57% rated good to excellent. Three states indicated that the soybean condition had improved last week while 15 states indicated that the soybean condition had declined last week. Most of the improvements were found in the northern Corn Belt while most of the declines were found throughout the Corn Belt. The top five rated soybean states are: Tennessee, Louisiana, Wisconsin, Arkansas, and Minnesota. The five lowest rated soybean states are: South Dakota, North Dakota, Ohio, Indiana, and Nebraska.

The soybean crop is being impacted by adverse conditions on both ends of the Corn Belt but for different reasons. In the western Corn Belt it is too dry, whereas in the eastern Corn Belt it is too wet.

Soil Moisture - The nation's soil moisture got dryer last week with 2 states indicating improved soil moisture while 14 states indicating lower soil moisture with two states unchanged. Most of the improvements were found in the northern Corn Belt (Minnesota and South Dakota) while most of the declines were found throughout the Corn Belt. The five states with the highest soil moisture are: Ohio, Wisconsin, Indiana, Louisiana, and Minnesota. The five states with the lowest soil moisture are: South Dakota, Nebraska, North Dakota, Iowa, and Arkansas.

The soil moisture this year is the tale of two opposites. It is too dry in the western areas and too wet in the eastern areas.

NASS to Start Field Surveys this week for August Crop Report.

Enumerators will head to the fields stating this week to conduct their surveys for the August Crop Report. The surveys are conducted generally during the last week of July and the first week of August for the report that will be released on August 10th. The field surveys will constitute the objective half of the August Crop Report with the other half (the subjective part) coming from surveys of thousands of farmers who will estimate their harvested acreage and yields.