Farms.com Home   Ag Industry News

Corn, soybeans and wheat all doing well: USDA

Most recent Crop Progress Report released July 25

By Diego Flammini
Assistant Editor, North American Content
Farms.com

The USDA’s July 25 Crop Progress Report shows corn, soybeans and wheat performing well.

With respect to corn, 79 per cent of the crop is silking, which represents a 23 per cent jump since July 17. This figure is nine per cent higher than the 70 per cent five-year average.

Seventy-nine per cent of the crop finds itself in good/excellent condition.

The five states with the highest corn silking percentage are:

  1. Missouri – 97%
  2. North Carolina – 96%
  3. Tennessee – 94%
  4. Texas – 92%
  5. Illinois – 90%

Corn, soy, wheat

When looking at soybeans blooming, 76 per cent of the crop is flowering, up 17 per cent from July 17. This figure is up 10 per cent from the five-year average.

Seventy-one per cent of the soybean crop is classified as good/excellent.

The top states with soybean blooms are:

  1. Louisiana – 95%
  2. Arkansas – 91%
  3. Wisconsin – 86%
  4. Iowa & Mississippi – 83%
  5. South Dakota – 82%

When it comes to winter wheat, 83 per cent of the crop has been harvested. That number is up from 76 per cent on July 17. It is also up from the 79 per cent five-year average.

Arkansas, North Carolina, Ohio, Oklahoma and Texas all report a 100 per cent harvest.


Trending Video

Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.