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Hot, dry weather expected to cause more crop condition declines
A market analyst says USDA’s latest corn and soybean condition ratings might be the best the U.S. has the rest of the growing season.
USDA says as of Sunday, 74% of the corn is rated good to excellent and 72% of the soybeans are rated good to excellent.
Don Roose, president of U.S. Commodities, tells Brownfield the forecast is expected to get hotter and drier this summer and if that happens, it might be difficult for corn to hit trendline yield.
“There’s no doubt in our mind across portions of the U.S., mainly Indiana, Illinois, Iowa and Minnesota, it’s not the crop we’ve had the last two years when we were drier.”
Roose says it goes back to an old saying “when you plant in the mud, the crop is a dud. I think you have to respect that this year. There’s an awful lot of yellowing corn and a lot of stuff will get covered up as it goes. If you get a hot, dry pattern, it’s going to be a real issue this year.”
He says the challenge with the U.S. soybean crop could also be hot, dry weather in August. The weather in August determines the size of the crop.
