USDA Weekly Crop Progress Report (Aug. 2): Conditions Decline Except For Soybeans

Soybean quality managed to improve a bit for the the week ending Aug. 1, with 60% in 18 selected states rated good/excellent compared to 59% the week before.

Today's U.S. Department of Agriculture's Crop Progress Report contained very little other good news, as even the proportion of good/excellent beans was 13 percentage points smaller than last year's crop.

Corn and sorghum both decreased week-to-week, with corn going from 64% good/excellent to 62% and sorghum from 66% to 62%.

The quality of spring wheat is so poor (just 10% rated good/excellent in six selected states), harvest has been accelerated.

Harvest of winter wheat in 18 selected states, meanwhile, is 91% complete compared to a five-year average of 86% at this point in the season.

Among the five top corn- and soybean-producing states, Indiana's crops appear to be faring the best (76% good/excellent corn and 72% good/excellent soybeans) while Minnesota is doing the worst (36% corn, 34% soybeans).

The others were rated as follows: Nebraska (71% good/excellent corn, 59% good/excellent soybeans), Illinois (68% corn, 67% soybeans), and Iowa (62% corn, 61% soybeans).

For the full USDA report for Aug. 2 and previous weeks, click here.

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