Weather and Market Commentary: August 24, 2010
August 24, 2010 by sabrina829
Tuesday, August 24, 2010:
The improvement in national corn ratings this week can be credited to mainly just two states, as most major producing states saw just minor changes in their numbers. Both South Dakota and Wisconsin saw significant improvements in their corn ratings, with the South Dakota corn crop up to 25 percent excellent while ratings in Wisconsin were boosted to 43 percent excellent. Along with those two states, one can note that Michigan, Minnesota, and Nebraska also have at least one-quarter of their corn acreage rated as “excellent” this week. The corn crop continues to be rated just ahead of last year, just behind the crop of 2004, and continues to be the second-highest rated corn crop for this time of year since 1994. It also continues to be a crop that is maturing quickly, with anywhere from 6 to 16 percent of the crop already mature in Indiana, Illinois, Michigan, and Missouri. National soybean ratings were down this week, with notable improvement for crop ratings in South Dakota and Wisconsin offset by slight to moderate deterioration in most every other major producing state. With Indiana topsoil this week rated at 60 percent short-to-very short, it is easy to see what that state saw a second straight week of significant soybean crop condition deterioration. The national soybean crop is now rated below a year ago (64% good/excellent this year versus 69% a year ago) but is still rated higher than crops from 2005 to 2008 for this same time period. We may continue to see soybean rating deterioration in next week’s report, as anyone in the Corn Belt and Delta that wants a rain is not going to get that rain before the end of the month. Even in the early days of September, the very best rains may stay west and north of the drier areas of the eastern and southern Corn Belt. Crop stress will also increase for the weekend and early next week as temperatures easily rise back to above-normal levels across most of the Nation’s midsection.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2010 – All Rights Reserved
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Weather and Market Commentary: August 24, 2010
August 24, 2010 by sabrina829
Tuesday, August 24, 2010:
The improvement in national corn ratings this week can be credited to mainly just two states, as most major producing states saw just minor changes in their numbers. Both South Dakota and Wisconsin saw significant improvements in their corn ratings, with the South Dakota corn crop up to 25 percent excellent while ratings in Wisconsin were boosted to 43 percent excellent. Along with those two states, one can note that Michigan, Minnesota, and Nebraska also have at least one-quarter of their corn acreage rated as “excellent” this week. The corn crop continues to be rated just ahead of last year, just behind the crop of 2004, and continues to be the second-highest rated corn crop for this time of year since 1994. It also continues to be a crop that is maturing quickly, with anywhere from 6 to 16 percent of the crop already mature in Indiana, Illinois, Michigan, and Missouri. National soybean ratings were down this week, with notable improvement for crop ratings in South Dakota and Wisconsin offset by slight to moderate deterioration in most every other major producing state. With Indiana topsoil this week rated at 60 percent short-to-very short, it is easy to see what that state saw a second straight week of significant soybean crop condition deterioration. The national soybean crop is now rated below a year ago (64% good/excellent this year versus 69% a year ago) but is still rated higher than crops from 2005 to 2008 for this same time period. We may continue to see soybean rating deterioration in next week’s report, as anyone in the Corn Belt and Delta that wants a rain is not going to get that rain before the end of the month. Even in the early days of September, the very best rains may stay west and north of the drier areas of the eastern and southern Corn Belt. Crop stress will also increase for the weekend and early next week as temperatures easily rise back to above-normal levels across most of the Nation’s midsection.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2010 – All Rights Reserved
For Previous Fastline Blog Posts- Click Here
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