U.S. Corn Condition Second-Highest on Record

Corn- Gibson2The Agriculture Department’s May 29 Crop Progress report provided the first subjective, visual-based observations of the condition of the U.S. corn crop. Based on observations from approximately 3,600 respondents, as of May 27, 79 percent of the 18-state corn area is in good-to-excellent condition – the second-highest initial rating since 1991 and the highest level since 1994.

The percentage of the corn crop in good-to-excellent condition was well above the average trade estimate of 72 percent, above the prior year’s 65 percent and above the five-year average of 70 percent. The percent of the corn crop estimated to be in poor or very poor condition was only 3 percent, the lowest initial rating since 2014.

Across much of the U.S., the good-to-excellent ratings are above the 5-year average. In the “I-states” (Iowa, Indiana and Illinois), the good-to-excellent conditions are 8 to 11 percentage points better than the 5-year average. Only Michigan, Pennsylvania, North Carolina, Louisiana and Texas have good-to-excellent ratings below the 5-year average.

Market Intel Minute

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s