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Corn and soybeans thrive despite weather woes

Recent USDA report highlights strong crop development

By Farms.com

The US Department of Agriculture's recent crop progress report offers a positive outlook for the nation’s agricultural sector, particularly for corn and soybeans, amid a backdrop of challenging weather conditions.

The report details that 41% of the corn crop has now silked, surpassing both last year’s figure and the five-year average. corn entering the dough stage is at 8%, also above typical rates.

For soybeans, 51% of the crop has bloomed, aligning with last year's performance and outstripping the five-year average. Pod setting in soybeans has reached 18%, pointing to a potentially strong yield come harvest.

The condition of both crops remains largely unchanged week-on-week, maintaining a majority in the good to excellent range, which is crucial for final yields. This consistency underscores the hardiness of US crops against the backdrop of less than ideal climatic conditions.

In terms of wheat, the winter crop harvest is progressing efficiently with 71% complete, ahead of both last year and the usual pace for this time of year, with Arkansas and Oklahoma fully wrapped up.

This data not only showcases the current state of key US crops but also the agricultural sector’s ability to withstand and adapt to environmental challenges, ensuring ongoing productivity and stability.


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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.