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Crop Progress Update – 6/29/20

  • July 7, 2020
  • by Belinda Przybylski
According to the USDA, the current corn crop identified to be in good or excellent condition increased slightly from the previous week, finishing equal to analyst expectations, while the current soybean crop identified to be in good or excellent condition also increased slightly from the previous week, finishing slightly above analyst expectations. Corn: Corn silking as of the week ending Jun 28th was four percent completed, finishing ahead of last year’s pace of two percent completed but below the five year average pace of seven percent completed. 73% of the current corn crop was identified to be in good or excellent condition as of the week ending Jun 28th, up one percent from the previous week. The current corn crop identified to be in good or excellent condition finished equal to analyst expectations. Five percent of the current corn crop was identified as very poor or poor, unchanged from the previous week. Soybeans: Soybean emergence as of the week ending Jun 28th was 95% completed, finishing ahead of last year’s pace of 80% completed and the five year average pace of 91% completed. Soybean blooming as of the week ending Jun 28th was 14% completed, finishing ahead of last year’s pace of two percent completed and the five year average pace of 11% completed. 71% of the current soybean crop was identified to be in good or excellent condition as of the week ending Jun 28th, up one percent from the previous week. The current soybean crop identified to be in good or excellent condition was slightly above analyst expectations of 70%. Five percent of the current soybean crop was identified as very poor or poor, unchanged from the previous week.  
U.S. Acreage Update – Jun ’20
Soybean Complex Price & Value Update – Jul ’20
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Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
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