Farms.com Home   News

Crop Progress Update: Corn Conditions Improve, Acreage Report Largely as Expected

Baird analyst Mircea (Mig) Dobre provided the following quick take following this week’s USDA Crop Progress report. 

The acreage report was largely as expected, he says with corn acreage confirmed +5% year-over-year. 

Crop Progress shows corn condition good/excellent +3% vs. last week (to season-high 73%) following heavy rainfall across the Corn Belt. Soybeans were unchanged. 

Modest rain is in the forecast this week across most corn/soy states. 

“Prices fell last week with corn ($4.20/bu) and soybeans ($10.25/bu) remaining well below levels needed for incremental equipment investment; today's releases continue to back strong yield forecasts, commodity price upside likely limited,” Dobre says. 

Source : Farm Equipment

Trending Video

End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals

Video: End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals


No market-moving end-of-June USDA Acreage and quarterly stocks reports. U.S. corn crop conditions at 73% good-excellent has the trade talking above-average trendline yields at 183 – 190 bpa (2-5% above trend for 2025). Rumors that Trump in Iowa on Thursday evening could announce more trade deals on top of the Vietnam trade deal, but the whisper is that there might be a trade deal with China?
Sunday night's U.S. weather outlook ahead of the key U.S. corn pollination stage and trade deals could be market-moving for Monday’s trade after a long 3-day U.S. holiday.