US corn, soybean crops may signal record yields - USDA

16 August 2010 22:14  [Source: ICIS news]

HOUSTON (ICIS)--The condition of US corn and soybean crops in the top-producing states seems to support projections for record yields, data from the US Department of Agriculture (USDA) indicated on Monday.

USDA rated the corn crop in the 18 top-producing states as 71% good or excellent as of 15 August, level with last week, but 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 or excellent, the same as last week and a year ago.

Crop watchers said the national average corn yield was likely to hit the USDA’s projected 165 bushel/acre average if some timely rains hit eastern corn belt areas of central Illinois, Indiana and Ohio.

Corn and soybeans are both developmentally ahead of schedule, promising an early harvest and a broad window of time in the US autumn season for the application of ammonia and other fertilizers.

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By: Frank Zaworski
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