Crop progress reports were viewed as bullish this week with only 38{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} of the nation's spring wheat harvested.
by Cheri Zagurski, DTN Managing Editor
and
Emily Unglesbee, DTN Staff Reporter
OMAHA (DTN) — Weekly crop progress and condition estimates released by USDA Monday were neutral for corn, bearish for soybeans and bullish for wheat, according to DTN Senior Analyst Darin Newsom.
The nation's corn crop was 90{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} in the dough stage as of August 31, compared to 83{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week and a 5-year average of 89{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Corn was 53{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} in the dent stage, compared to 35{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week and a 59{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} 5-year average. Corn deemed mature was rated at 8{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} compared to a 5-year average of 16{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Corn condition improved to 73{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} good to excellent from last week's 72{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}.
“As expected, corn's crop conditions showed improvement the week ending Sunday, August 31,” said Newsom. “This led to a DTN Crop Condition Index rating of 180 points, up 2 points from the previous report. These numbers should be viewed as neutral, with bearish conditions offset by slightly bullish maturity estimates.”
Ninety-five percent of the nation's soybeans were setting pods, compared to 90{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week and a 95{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} 5-year average. Five percent of the crop was dropping leaves, compared to a 5-year average of 7{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Soybean condition improved to 72{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} good to excellent from 70{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} the previous week.
“Soybean crop conditions improved last week, possibly a bit of a surprise to the market,” Newsom said. “These better condition numbers resulted in a DTN Crop Condition Index rating of 177 points, up 5 points from the previous week. These reports could be viewed as bearish for new-crop soybeans.”
Spring wheat harvest continues to lag at 38{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} complete compared to 27{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week and a 5-year average of 65{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. “The largest lag continues to be Minnesota, trailing its average by 43 percentage points, with North Dakota a close second lagging 39 percentage points,” Newsom said. “This week's crop progress report could be viewed as bullish.”
Cotton is 96{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} setting bolls and 31{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} opening bolls. That compares to 90{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 19{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week and 5-year averages of 96{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 27{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Cotton condition worsened slightly. Rice is 97{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} headed and 17{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested, compared to 5-year averages of 94{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 26{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Rice condition improved slightly.
Sorghum was 92{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} headed, 61{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} coloring, 37{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} mature and 25{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested compared to 5-year averages of 91{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}, 252{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}, 29{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 25{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}, respectively. Sorghum condition worsened slightly. Barley is 58{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested compared to a 5-year average of 68{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Oats are 80{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested compared to a 5-year average of 935.
To view the full NASS reports from each state, visit http://1.usa.gov/….
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