Corn and Soybean Harvests Remain Ahead of 5-Year Avg

The corn harvest in the 18 major producing states made further progress last week and remains ahead of a year ago and the five-year average.

The same can be said about the soybean harvest. It is early in the harvest season and farmers may face weather-related delays that could slow their progress versus historic levels in the weeks ahead. 

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday at 15%, up from 9% the previous week and above 11%...

Corn Harvest Slightly Outpacing Year-Ago and 5-Year Avg

Corn harvest in the 18 major producing states made further progress last week and is slightly outpacing a year ago and the five-year average.

The soybean harvest is one point ahead of the five-year average. However, it is early on in the harvest season and weather-related delays could slow farmers’ progress versus historic levels in the weeks ahead.

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday, September 17 at 9%, up from 5% the previous week and 7%...

The 2023 Corn Harvest Is Officially Underway

The week ending September 10^th marked the first week of measurable corn harvest in the United States for 2023.

The USDA reports that 5 percent of this year’s corn crop has been harvested so far, which is on par with a year ago at this time and one point ahead of the 5-year average. Texas reports 62 percent of its corn crop has been harvested, while North Carolina has harvested 49 percent. Seven of the 18 primary corn-producing states have yet to begin their harvest activities...

Hot and Dry Weather Boosting Crop Development in Corn Belt

In the latest Crop Progress report, corn conditions were downgraded with 53 percent now in good to excellent condition, down three points from the previous week. Corn rated in poor to fair gained those points, now totaling 41 percent.

Corn in the dough stage of growth is nearly complete at 93 percent, one point ahead of the 5-year average rate. Corn dented is up to 67 percent, beating the average pace by 2 percentage points.

Corn reaching the mature stage is reported at 18 percent, double that of week-ago progress and outpacing the 5-year average rate by two points...

Corn Conditions Slightly Downgraded; Soybeans Hold Steady 

In the latest Crop Progress report, corn in the dough stage was reported to have reached 78%, which is ahead of past progress benchmarks. Corn dented was up to 35% stage completion, also ahead of the 5-year average of 33%.

For the first time this season, we have figures for corn mature, at 4%. This is on par with the 5-year average and 2022 progress. 10 of the 18 primary corn-producing states reported some level of matured corn in the latest report.

Corn conditions were downgraded one point from the...

Corn and Soybean Condition Ratings Improved in Latest Crop Progress Report

Corn conditions saw a modest improvement in the latest Crop Progress report. The USDA reported corn in good to excellent condition totaled 59%, up from 57% the previous week.

Corn in the silking stage was reported at 96%, on par with the 5-year average. Corn dough was up to 65%, two percentage points ahead of the 5-year average. Corn dented more than doubled progress from the previous week, at 18%. This matches the 5-year average and outpaces the year-ago progress of 15%.

Soybean conditions also saw improvements with 59% rated...

Crop Condition Ratings Increase; Futures Choppy Following Grain Deal Expiration 

In the latest Crop Progress report, the USDA shows corn conditions were modestly altered to reflect a combined 13% in poor to very poor condition, compared to 14% the previous week. 30% of corn is rated fair, while 57% ranges good to excellent, up 2 points from a week ago.

Corn in the silking stage was up to 47% complete, compared to the 5-year average of 43%.

This week's report also showed preliminary figures for corn dough—which is the stage of growth when about half the kernels are...

Corn Conditions Only Modestly Improved; Soybeans Downgraded Slightly 

In the latest Crop Progress report, the USDA showed that corn in the silking stage doubled from the previous week, currently at 8%. The 5-year average rate is 9% and year ago progress stood at 7% in the current week. 13 of the 18 primary corn-producing states reported some degree of silking progress, as Colorado, Michigan, Ohio, Pennsylvania, and Wisconsin have yet to report silking figures.

Following rainfall over the weekend, corn conditions were only modestly adjusted in the latest week, with 34% rated fair and 43% good, up from 42% the week prior. 8% was rated excellent...

Corn Crop Progressing to Growth Stages; Conditions Fall Again

In the latest Crop Progress report, corn throughout the 18 primary production states has completed the emergence phase and is now into the silking stage of growth. Corn silking is at 4% for the week ending June 25, on par with the 5-year average.

The condition of the 2023 corn crop declined for a third straight week with a combined 50% in good to excellent condition, down 5 points from the week prior. 35% is in fair condition. A combined 15% is considered poor to very poor, versus 12% the...

Corn Emergence Nearly Complete; Conditions Further Deteriorate

Corn emergence was up to 96% complete in the latest Crop Progress report, slightly above the 5-year average rate.

The condition ratings on the 2023 corn crop were downgraded again in the latest week, with a combined 55% now considered to be in good to excellent condition, down from 61% the week prior. 33% is rated fair, 9% poor, and 3% very poor.

Next week, the USDA should provide initial progress figures for corn silking, the next key stage of growth evaluated to determine overall progression.

Corn futures surged following the latest...

Crop Conditions Decline as Dry Weather in Corn Belt Lingers, Futures Jump

Corn plantings are now completed and emergence in the latest Crop Progress report continues to progress, currently at 93%. This is up from both the five-year average and year-ago progress of 87%.

Corn condition ratings are as follows: 10% excellent, 51% good, 31% fair, 6% poor, and 2% very poor. The 61% in good to excellent condition compared to 72% the year prior at this time and 64% last week.

Global supply concerns along with the decline in good to excellent corn conditions are lifting corn futures...

Grain Futures Recover at Midweek As Traders Eye U.S. Crop Conditions, Weather

After plummeting by over 40 cents on Tuesday and making a new low for the year, soybean futures on the Chicago Mercantile Exchange rebounded at midweek and closed 3 ¼ cents higher at $12.99 ¾ per bushel.

Corn and wheat futures also recovered on Wednesday, lifted in part by short-covering. July SRW wheat settled 3 ¼ cents higher at $5.94 ¼ per bushel after falling to a multi-year low earlier that day.

July corn ended flat at $5.94 per bushel yesterday and was last trading 7 cents higher at $6.01 per bushel in...

Corn Plantings Near Completion, Soybeans Advance to 83%

Corn plantings in the latest week were reported at 92% completion, up from 81% the previous week and above the 5-year average of 84%.

Iowa and Missouri are nearly wrapped up with their corn plantings, each reporting 98%. North Carolina has 99% of its corn in the ground.

Corn emergence increased to 72% in the latest report, up 20 percentage points from the week prior. Emergence remains ahead of both the year-ago progress (58%) and the 5-year average (63%).

Nearby corn futures on the Chicago Mercantile Exchange were last trading...

Corn Plantings Up to 81% Completion, Soybeans 66% Underway

Corn plantings in the latest week raced ahead to 81% completion. This is up from 65% the previous week and above the 5-year average of 75%.

Of the 18 primary production states, all but Colorado, Kansas, North Dakota, and Texas are above their respective 5-year average rates for planting.

Corn emergence was up to 52% in the latest report, up from 30% the week prior. Emergence is ahead of both the year-ago progress (35%) and the 5-year average (42%).

Nearby corn futures on the Chicago Mercantile Exchange were last trading flat to 2 cents higher...

Corn and Soybean Planting Activities Continue Rapid Pace in Latest Crop Progress Report

Corn plantings continued their rapid pace of progression in the latest week and forged on to reach 65% completion. This compares to 49% the previous week and the 5-year average of 59%.

Of the 18 primary production states, Colorado, Kansas, Michigan, North Dakota, Ohio, Texas, and Wisconsin are trailing behind their respective 5-year average rates for planting.

Corn emergence reached 30% in the latest report, more than doubling progress from the week prior. Emergence is ahead of both year-ago progress (13%) and the 5-year average (25%)...

Urner Barry Releases May Pulse Protein Report

As of May 10, Ethiopia remains in the top spot of the dried pea export value chart, with a 55% increase in value year-over-year (YoY) noted. Cameroon holds the fifth spot, with a 71% decrease in value. Canada is holding the number one spot for dried lentils with a 1% decrease and Mexico holds the number three position with...

Corn Plantings Surpass Past Progress Benchmarks

In the latest Crop Progress report, corn plantings were at 49% completion, up from 26% the previous week and above the 5-year average of 42%. Year ago progress at this time was 21%.

For the week ending Sunday, May 7^th, days suitable for fieldwork in Illinois were 6.0 compared to 5.1 the previous week. Indiana had 4.3 versus 4.1 the week prior. Iowa’s fieldwork days were 5.7, up from 4.8 last week. Ohio fell to 1.7 from 3.1 the previous week.

Corn emergence was reported at 12%, compared to year-ago progress of 5% and the 5-year average rate of 11%...

Corn Plantings 26% Underway, on Par with 5-Year Average

In the USDA’s latest Crop Progress report, corn plantings were reported at 26% complete during the week ending April 30, up from 14% the week prior.

Corn plantings are on par with the 5-year average. North Dakota is the only state that has yet to get on the board this planting season. Most states report plantings ahead of their respective 5-year average rates.

Corn emergence was reported at 6%. This compares to the 5-year average of 5% at this time and year-ago progress of 3% this week. Emergence in Texas is at 65%, while North Carolina reports corn at 48% emerged. Both are above their average emergence rates. Missouri corn is 31% emerged, while Kentucky and Tennessee report 24% and 23%, respectively.

Corn futures are flat to slightly firmer so far Tuesday morning...

Corn Plantings Surpass 5-year Average Rate, Year-Ago Progress

In the latest Crop Progress report, corn plantings throughout the 18 primary production states jumped to 14% completion, surpassing the 5-year average of 11%. This is above the previous week's progress of 8% and double the 2022 progress by this time. All but two of the 18 states are now on the board reporting planting progress.

In addition to planting updates, the report showed emergence progress for the first time this season. Corn emergence refers to the growing period in which the plants become visible. 3% of the corn...

Urner Barry Releases April Soy & Wheat Report

The outlook for 2022/23 U.S. wheat in April is for slightly higher supplies, reduced domestic use, unchanged exports, and increased ending stocks. Supplies are raised by 5 million bushels on higher imports, based on...

Urner Barry Releases April Pulse Protein Report

As of April 12, Ethiopia remains in the top spot of the dried pea export value chart, with a 37% decrease in value year-over-year (YoY) noted. Cameroon holds the fifth spot, with a 79% decrease in value. Canada is holding the number one spot for...

Crop Progress Data Shows Corn Planting 3% Underway in U.S.

The USDA has begun weekly progress reports on the growing season for major U.S. crops and this week marked the second report of corn planting progress among the 18 primary production states.

Corn plantings are 3% underway, one percentage point ahead of the 5-year average for this time.

Texas has completed 61% of planting activities, up 3 percentage points from the 5-year average but 1 point behind progress this time last year. North Carolina comes in second with 12% of corn in the ground, followed by Nebraska with 7%... 

Initial Crop Progress Reports Show Corn Plantings 2% Underway

Corn plantings for the week ending April 2 were 2% underway when averaging the 18 primary corn production states. This is on par with the 5-year average by this time last year and is also even with this week last year.

Texas is slightly ahead of schedule, with 57% of its corn crop in the ground, compared to the 5-year average of 54%.

Plantings in Kentucky (2%), Kansas (1%), and North Carolina (1%) are mostly on par with their respective 5-year average planting rates. Meanwhile, thirteen of the...

Urner Barry Releases March Soy & Wheat Report

The 2022/23 U.S. wheat supply and demand outlook unchanged from February. The projected season-average farm price remains at $9.00 per bushel. The January 2023 farm price reported in the USDA, National Agricultural Statistics Service (NASS) Agricultural Prices publication was $8.82 per bushel, down from $8.98 in...

Urner Barry Releases March Pulse Protein Report

As of March 8, Ethiopia remains in the top spot of the dried pea export value chart, with a 47% decrease in value year-over-year (YoY) noted. Cameroon holds the fifth spot, with a 31% increase in value. Canada is holding the number one spot for dried lentils with a 6% decrease and...

Urner Barry Releases February Soy & Wheat Report

The potential for a smaller than anticipated Argentine soybean crop supports the U.S. soybean meal export program during the second part of the marketing year (MY), June 1-May 31. In the U.S., average soybean meal prices in Decatur, IL have risen by over $45.00 per ton in the past few months. As a result, the 2022/23 U.S. soybean meal price forecast is lifted to $450.00 per ton.

Urner Barry Releases February Pulse Protein Report

As of February 8, Ethiopia remains in the top spot of the dried pea export value chart, with a 94% increase in value year-over-year (YoY) noted. China still holds the fourth spot, with a 11% drop in value YoY. Canada is holding the number one spot for dried lentils with a 3% decrease and Sudan now holds the number two position with a sharp rise in value. Canada is holding the top spot for dried chickpea exports, with a 40% increase in value YoY. ...

Urner Barry Releases January Soy & Wheat Report

In the latest WASDE report, the USDA reported the 2022/23 U.S. wheat outlook in January is for increased supplies, larger domestic use, unchanged exports, and lower ending stocks. Supplies are raised on higher beginning stocks as reported in the National Agriculture Statistics Service (NASS) Grain Stocks report. Feed and residual use is increased 30 million bushels to 80 million bushels based on higher second-quarter implied disappearance based on the Grain Stocks report. The season-average farm price is ...

Urner Barry Releases January Pulse Protein Report

As of January 11, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, with a 76% decrease in value year-over-year (YoY) noted. Canada is holding the number one spot for lentils with a 9% increase and Mexico is in the number two position with a 9% rise. Pakistan continues to hold the top spot for dried chickpea exports, with a 77% decline in value YoY.

The 2022/2023 (runs from September 2022–August 2023) dry bean marketing year is underway; with...

Urner Barry Releases December Soy & Wheat Report

In the latest WASDE report, the USDA stated the wheat outlook for 2022/23 is unchanged from November. There are offsetting changes for exports by-class with Hard Red Spring and White higher and Soft Red Winter lower.

In 2022/23, U.S. farmers are estimated to have produced a total of 1.65 billion bushels of winter, spring, and durum wheat from a harvested area of 35.5 million acres...

Urner Barry Releases December Pulse Protein Report

As of December 14, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, with an 81% decrease in value year-over-year (YoY) noted. Spain is holding the third-place spot for lentils with a 13% increase and Peru still holds the fifth position. Pakistan continues to hold the top spot for dried chickpea exports this December, with an 79% decline in value YoY.

U.S. agricultural exports in fiscal year (FY) 2023 are projected at $190.0 billion, down...

Urner Barry Releases November Soy & Wheat Report

In the latest WASDE report, the USDA stated the outlook for 2022/23 wheat for November is stable supplies, increased domestic use, unchanged exports, and slightly lower ending stocks. Total domestic use is projected to be 5 million bushels higher at 1,093 million bushels as an increase in food use more than offsets a decrease in seed use.

Globally, the 2022/23 wheat outlook calls for increased supplies, consumption, trade and ending stocks this month. Supplies are projected up 1.3 million tons to...

Urner Barry Releases November Pulse Protein Report

As of October 12, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, with an 86% decrease in value year-over-year (YOY) noted. Peru is maintaining the fifth-place spot for lentils, keeping India out of the top five countries in the export value chart. Pakistan continues to hold the top spot for dried chickpea exports this October, with an 84% decline in value YOY.

According to the Commerce Department, U.S. farm exports rose to a record $196.4 billion in fiscal year (FY)...

Urner Barry Releases October Soy & Wheat Report

In the latest WASDE report, the USDA stated the outlook for 2022/23 wheat for October is lower supplies, domestic use, exports, and stocks. This is due to reductions in both harvested area and yield, which lowered production by 133 million bushels to 1,650 million bushels, only minimally higher than last year. The season-average farm price is estimated at $9.20/bushel (bu), a $0.20 increase from last month.

Globally, the 2022/23 wheat outlook calls for reduced supplies, consumption, trade and ending stocks this month. Supplies were decreased by 1.9 million tons to...

Urner Barry Releases October Pulse Protein Report

As of October 12, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, with an 88% decrease in value year-over-year (YOY) noted. Peru is maintaining the fifth-place spot for lentils, keeping India out of the top five countries in the export value chart. Pakistan continues to hold the top spot for dried chickpea exports this October, with an 83% decline in value YOY.

The USDA reported this past summer that the Saudi government lifted all COVID-19 restrictions allowing...