From Monday’s (02 Aug) NASS report:
week ending Aug 1
Corn (18 major states):  93% silking vs. 74% LY & 86% 5ya; 31% dough vs. 13% LY & 24% 5ya. 
Soybeans (18 major states):  86% blooming vs. 74% LY % 83% 5ya; 53% pod-set vs. 33% LY % 48% 5ya.
 
 
 
 

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Looking at the June heat which spread across California’s central and southern valley milk producing regions towards the end of last month, we are factoring in the temperatures as a negative production impact.  Many herd locations experienced between four and seven days where daily max temperatures were above [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The drier pattern for the next 7 days will help the US corn & bean crops, after a few weeks of very wet weather.  According to yesterday’s USDA crop update, 73% of US corn was rated either good or excellent, and 69% of soybeans received the same ratings.  [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
On Tuesday, the USDA issued their 2009 crop production summary report for the primary commercial US crops.  As readers of Weather Trends crop reports are aware, we discuss our US agricultural outlook in our weekly reports in terms of the 18 major producing states for both corn and [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
We discussed in last week’s sugar report the possibility for a quick upside move on the Oct contract before settling back down in a range that we have seen over the last two weeks. After crossing 24 cents last week (reaching 24.85), OCT ICE futures have slid [...]

Author: Rick Dunkelberger
WTI Business Applications Meteorologist
With larger than expected spring plantings after a cold and rainy start, July’s dry and mild weather has led to a bearish trend in corn prices. However, from July 1st to August 10th, temperatures in the Midwest have collectively been at least one degree cooler than any year in the [...]