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July 3, 2018

U.S. Corn Condition Declines 1%, Soybeans Decline 2%

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

Corn - The condition of the 2018 U.S. corn crop declined 1% this week to 76% of the crop rated good to excellent. Seven states indicated that the corn condition improved last week, 8 states indicated that the corn condition declined last week, and 3 were unchanged. Most of the improvements were found in the southern locations while most of the declines were found in the central and northern Corn Belt. The top five rated corn states are: Illinois, Wisconsin, Minnesota, Ohio, and Nebraska. The five lowest rated corn states are: Texas, North Carolina, Kansas, Missouri, and Pennsylvania.

As expected, the corn condition declined due to hotter and dryer conditions in the southern locations and wetter conditions in the northwestern Corn Belt.

Soybeans - The condition of the 2018 U.S. soybean crop declined 2% last week to 71% of the soybeans rated good to excellent. Eight states indicated that the soybean condition improved last week, 9 states indicated that the soybean condition declined last week, and 1 was unchanged. Most of the improvements were found in the central and southern Corn Belt while most of the declines were found in the northern Corn Belt and the Delta. The top five rated soybean states are: Wisconsin, Kentucky, Nebraska, Illinois, and Tennessee. The five lowest rated soybean states are: Missouri Louisiana, Kansas, North Carolina, and South Dakota.

The soybean condition declined 2% last week due in large part to the excessive wetness in the northwestern Corn Belt.

Soil Moisture - The nation's soil moisture declined last week with 8 states indicating that the soil moisture improved last week and 10 states indicating that the soil moisture declined last week. Most of the improvements were found central locations while the declines were found in the Delta and the far northern Corn Belt. The top five rated states for soil moisture are: Minnesota, Ohio, Iowa, Kentucky, and Tennessee. The five driest states are: Arkansas, Louisiana, Missouri, North Carolina, and Mississippi.

The soil moisture declined a little last week due to hotter and dryer conditions in the more southern locations. Heavy rains last week and over the weekend kept areas of Iowa and Minnesota very wet. The soil moisture in Minnesota is rated 34% saturated and Iowa is rated 26% saturated.