US corn crop in good or excellent condition at 76%

20.07.2016

Around 76% of the 2016-17 US corn crop was in good or excellent condition in the week that ended Sunday, according to US Department of Agriculture data released.

In the USDA’s National Agricultural Statistics Service crop progress report, corn conditions in the best two categories designated were divided into 57% in good condition and 19% in excellent condition.

The good/excellent condition share was almost unchanged from a week earlier and 7 percentage points higher than the year-ago figure of 69%.

Of the rest of the crop, 19% was in fair condition, 4% in poor condition and 1% in very poor condition in the week that ended Sunday. A market participant said analysts were expecting the corn crop condition to be steady to slightly higher.

Of the crop, 56% was silking, compared with the five-year average of 46% and the year-ago pace of 47%.

The 18 states surveyed accounted for 93% of the 2015 corn acreage, the report said.

Chicago Board of Trade September corn futures settled 4.75 cents higher at $3.57/bushel Monday.


Platts

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