Crop Watch: Producers welcome cool weather but not the dry pattern -Braun
Repeats column first published on Monday. The opinions expressed here are those of the author, a market analyst for Reuters.
By Karen Braun
NAPERVILLE, Illinois, July 22 (Reuters) -Conditions for pollination in U.S. Crop Watch corn fields have been or will be mostly favorable, though the growers are not excited about the recent drying trend forecast to last at least another week.
The flip to dry comes after a wet spring and early summer, hampering corn emergence and causing some producers to continue questioning potential yield penalties.
Crop Watch locations in Ohio and the western Corn Belt have been relatively dry for two weeks now, but the widespread, cooler-than-normal temperatures have helped preserve some moisture.
Normal-to-cool temperatures are expected to continue this week for much of the Corn Belt, though warmer conditions are predicted in the Dakotas, which is needed. Lighter rainfall amounts are forecast across the board this week.
Crop Watch producers are rating crop conditions and yield potential on 1-to-5 scales. The condition scores are a primarily visual assessment similar to the U.S. government’s where 1 is very poor, 3 is average and 5 is excellent.
Yield potential is meant to capture both visible and nonvisible elements. On this scale, 3 is around farm average yield, 4 is solidly above average and 5 is among the best crops ever.
Average scores are little changed this week, but there was some movement within. The 11-field, unweighted average corn yield dropped to 3.34 from 3.36 in the prior week. Corn conditions eased to 3.45 from 3.48 last week.
Average soybean conditions were steady on the week at 3.84 and yield increased to 3.61 from 3.57 a week earlier.
Condition and yield improvements for both crops were prominent in Nebraska, southeastern Illinois and both Iowa locations. Scores were lowered across the board in Kansas after a second dry week, and bean conditions were trimmed in Indiana as heavy hurricane-linked rains in the prior week caused some field ponding.
Corn scores went down in western Illinois, which experienced strong storms a week ago. Damage was originally thought to be minimal, but the producer now estimates at least 15% of the field’s corn plants may be snapped below the ear. This assessment is ongoing.
The eastern Iowa location, which was blasted by a similar derecho event in 2020, escaped a repeat during last week’s storms and has observed nearly perfect pollination weather. But yield scores here remain somewhat conservative because of how high the farm averages have become in recent years.
The following are the states and counties of the 2024 Crop Watch corn and soybean fields: Kingsbury, South Dakota; Freeborn, Minnesota; Burt, Nebraska; Rice, Kansas; Audubon, Iowa; Cedar, Iowa; Warren, Illinois; Crawford, Illinois; Tippecanoe, Indiana; Fairfield, Ohio. The North Dakota soybeans are in Griggs County and the corn is in Stutsman County.
Karen Braun is a market analyst for Reuters. Views expressed above are her own.
Graphic- Crop Watch Producers 2024 https://tmsnrt.rs/44kerF2
Reporting by Karen Braun
Editing by Matthew Lewis
Dernières actualités
Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.
Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.
Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.
