US corn, soybean crops rated better than 2008

31 August 2009 21:59  [Source: ICIS news]

HOUSTON (ICIS news)--At their current stage of development, the 2009 US corn and soybean crops continued to be rated higher in quality than a year ago, the US Department of Agriculture (USDA) said on Monday.

In the weekly crop progress report, USDA said 69% of corn fields on 30 August in 18 key producing states were rated as good to excellent compared with 64% on the same date in 2008.

Favourable growing conditions have given soybeans a boost with the USDA now rating 69% of fields in good to excellent condition compared with 57% a year earlier.

USDA predicted that the 2009 corn harvest would reach 12.8bn bushels, the second highest on record, while soybean production would be a record 3.2bn bushels.

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