07 September 2010 21:58 [Source: ICIS news]
HOUSTON (ICIS)--Harvest of the 2010 corn crop was underway in a few key producing states, the US Department of Agriculture (USDA) said on Tuesday.
The USDA’s weekly crop progress report indicated that 6% of the corn crop in the 18 top producing states had been harvested as of 5 September, including 7% of the crop in Illinois.
However, only 1% of the corn was harvested in Iowa, the top-producing state.
The Iowa crop is predicted to average 179 bushels/acre this year, the third-highest on record, according to an estimate by Iowa State University.
The condition of the 2010 corn crop continued to be considered positive with 69% of the planted acres rated either good or excellent, according to the USDA.
The corn harvest is several weeks ahead of schedule due to the earliness of spring planting this year.
The soybean crop was also ahead of schedule with 19% of the crop in the top 18 producing states dropping leaves, compared with 7% on the same date last year, USDA said.
At the Chicago Mercantile Exchange on Tuesday, December corn futures closed at $4.66/bushel on higher export sentiment after Russia expressed concerns about a lack of adequate moisture for winter wheat planting.
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