(Posted Mon. Oct 28th, 2013)
Oct. 28: In its weekly report on crop progress, the U.S. Department of Agriculture reported that the corn harvest is only three percentage points under the five-year average and the crop condition is improving, with nearly two-thirds in good or excellent condition.
“Corn growers are on pace to bring in an excellent crop this fall, despite many challenges earlier in the season,” said NCGA President Martin Barbre, a corn farmers in southern Illinois. “We’re excited about the prospect of rebuilding the supply after 2012, but at the same time we know that lower prices will put the squeeze on farmers who have had to deal with increased costs in raising their crop.”
According to the USDA report, 59 percent of the crop has been harvested in the top corn states. The five-year average is 62 percent, and at this time last year, harvest was nearly complete, at 91 percent. Crop condition was reported at 62 percent good or excellent, 25 percent fair, and 13 percent poor or very poor. Click here for the full report.
Because of the partial government shutdown, USDA did not produce some of its reports earlier this month, including the monthly supply-and-demand estimate. The next report of estimated supply and demand will be released Friday, Nov. 8.