09 August 2010 22:10 [Source: ICIS news]
HOUSTON (ICIS news)--US corn and soybean crops in the top-producing states continued to be seen as high in quality and better than year-earlier levels, the US Department of Agriculture said on Monday.
USDA rated 71% of the corn crop in the 18 top-producing states as good to excellent as of 8 August, up three percentage points from the same date a year ago.
The condition of the soybean crop in the top states was rated as 66% good to excellent, the same as in 2009.
While some areas of the US midwest had excessive rains in recent weeks, the corn in most areas was four to six weeks ahead of 2009 in terms of maturity, a crop analyst said.
The abnormally-hot US summer helped speed plant development, but research indicated that rapid development could lead to lower yields, an agronomist said.
Nevertheless, a commodity broker predicted this week that the 2010 corn crop would yield above 165 bushels/acre, two more bushels/acre than last year.
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