The USDA’s August 19 crop condition report continued to portray a dire outlook for corn and soybeans. More than half of United States corn was rated poor-very poor, while only 23% was good or excellent. In United States soybeans, conditions increased very slightly but remained dismal with 31% good-excellent, 32% fair and 37% poor-very poor.
Crop conditions are similar to 1988, the weather analog for summer drought.
Corn Silage Argues For Worse Production
The 1988 corn production shrank 38% from similar hot and dry weather. A very significant amount of corn was never harvested for grain, instead cut for silage due to poor quality. The United States corn yield was around 25% below average... subscribers continue to full story...