Common Ground Blog

Find trends, outlooks and more on financing rural America from Frontier Farm Credit.

More Content

Slightly Lower Condition Ratings Take Center Stage

With corn planting nearing completion at 96% for the week ending June 23, attention turns to condition.

Emergence is behind average by 10 percentage points at 89% in the 18 reporting states. In Iowa, emergence lags by 4 points; Nebraska, 5; Kansas, 6; and South Dakota, 20 points with only 79% of the crop emerging.

In the 18 states, the corn crop is rated 56% good/excellent and 12% poor/very poor this week, compared with 77% in the top categories and 5% in the bottom two last year. This also is down several points from the week earlier, and the market took note, bumping corn futures more than 4¢ higher through the December contract.

 

Corn

Soybeans

 

Good/excellent

Poor/very poor

Good/excellent

Poor/very poor

Iowa

62

8

63

5

Kansas

50

13

43

13

Nebraska

77

4

75

3

South Dakota

56

6

55

5

 

Soybean planting – with its generally later final dates and late-planting period – still lags with just 85% planted compared with a five-year average of 97%. However, in the states we report, most are only 3 to 6 percentage points behind average. South Dakota at 84 percent planted is the exception, running 15% behind its usual pace.

Emergence in the 18 states is reported at 71%, 20 points behind average. In Iowa, 81% of the soybean crop is up (96% average); Kansas, 68% (78%); Nebraska, 85% (96%) and South Dakota, 92% (95%).

As the table above shows, soybean condition is rated fairly close to that of corn. It also has dropped a few percentage points from the prior week.

Other spring crops

Grain sorghum planting is 84% complete, according to USDA. The five-year average for this point in the planting period is 91% complete. Kansas reports the slowest pace at only 77% planted compared with 88% on average; Nebraska, at 91%, is seven points behind and South Dakota, at 92%, is one point ahead of average. Not much sorghum has headed in states outside of Texas. Condition in the states we report ranges from 67% good/excellent in Kansas to 80% in Nebraska. Only 1% to 3% is rated poor.

Sunflower planting is only a few points behind average. The four reported states reached 85% complete compared to their five-year average of 89%. Kansas is three points behind at 73; South Dakota is two points behind at 82%.

Winter wheat

Ninety-four percent of winter wheat in the 18 leading states has headed. The lowest percentage is in South Dakota, where only 80% has headed compared with an average there of 94%. Harvested acreage is less than half the average for the week ended June 23 – 15% vs. an average of 34%. What has been harvested is in the southern states. In the states we report, Kansas stands at just 5% (average 36%).

Pasture and range

Pasture and range conditions dropped 3% on the top end and increased 2% on the bottom end. But at 68% good/excellent and just 8% poor/very poor, condition is dramatically better than last year’s 49% and 20%.

COMMENTS

Load more comments
Your comment has been received and is being reviewed.
avatar

Comments are moderated and reviewed before they are posted on the site. View our terms of use.

YOU MIGHT BE
INTERESTED IN

Mar 1, 2024 | The Business of Agriculture

Has Predicted Downturn for Corn and Soybeans Begun?

Our economist, Matt Erickson, looks at economic factors shaping both the broader and agricultural economies and lessons from past downturns that producers can apply to their decision-making.

Mar 7, 2023 | The Business of Agriculture

Outlooks for Commodities: Market Summaries in 5 Minutes

Our economist, Matt Erickson, looks at how supply and demand is shaping grain and protein markets.

May 9, 2022 | The Business of Agriculture

One Certainty in Today’s Market – Uncertainty

Read five actions you can take today to prepare for lower prices in a high cost environment.

Ready to Talk?

Contact us if you have questions or need more information. Fill out the form, or connect with your local office using the Office Locator.

Frontier Farm Credit serves farmers, ranchers, agribusinesses and rural residents in eastern Kansas. For inquiries outside this geography, use the Farm Credit Association Locator  to contact your local office.