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Corn yield forecasts and pod counts for Nebraska are down 13% year over year. In Indiana, the corn yield outlook is down 8.1% from last year, while the bean pod count is down 5.9%, Pro Farmer said. Field reports are showing some corn damage and hail in fields in Indiana and parts of Illinois. In Nebraska, participants indicated signs of drought during critical growth stages.
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About 55% of the US corn crop was in good or excellent condition on Sunday, down from 57% the previous week, the US Department of Agriculture said in a report this week. This is also below the 60% that achieved top ratings at the same point last year. Four percent of the crop was ripe at the start of the week, on par with the average for this time of year. About 31% was dented, below the average of 35%, and 75% was silky versus normal 79%, the government said.
About 57% of soybeans were in good or excellent condition, down from 58% the previous week. Eighty-four percent of the crop was bearing fruit, slightly below the previous five-year average of 86%, the USDA said. Soybean futures for November delivery jumped 15 3/4¢ to US$ 14.76 ¾ per bushel overnight on the Chicago Board of Trade. Soybean meal rose US$4.20 to US$431.40 per short ton, while soybean oil futures gained 0.21¢ to 67.31¢ per pound.
By: Leonardo Gottems | agrolink
