Percentage of US corn crop in 'good' or 'excellent' condition rises: USDA

03.10.2017

About 63% of the 2017-18 US corn crop was in "good" or "excellent" condition in the week ended Sunday, 2 percentage points higher than a week earlier, Department of Agriculture data showed Monday.

Some 14% of the corn planted was rated as "excellent," the same percentage than prior week, and 49% was rated as "good," compared with 47% the prior week, according to the data.

The good/excellent rating of 63% of the crop was 10 percentage points lower than the year-ago level.

For the rest of the crop, 25% was in "fair" condition, 9% was in "poor" condition and 3% was in "very poor" condition.

USDA said 17% of the corn has been harvested as of October 1, compared with the five-year average of 26% and the year-ago pace of 23%.

USDA said 96% had reached the "dent" stage, compared with the five-year average of 98% and the year-ago pace of 100%, while 68% had reached the "mature" stage, compared with the five-year average of 78% and the year-ago pace of 84%.

The 18 states surveyed for harvested accounted for 94% of the 2016-17 corn acreage, the report said.

Front-month December corn futures settled 3.75 cent lower at $3.515/bushel Monday before the release of the USDA report.

Corn is the main source of US-produced ethanol and also the main competitor for distiller's dried grains with solubles.


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