THis year’s corn crop is a tale of geography. The ‘Western Belt’ is in great shape while the ‘Eastern Belt’ is fighting flooding and pestilence.
The latest Corn Crop progress report illustrates this, as you will see in the map below from VanTrumpReport. Kevin goes into more detail in his article on the crop and effects of the harvest in this item.
From Kevin VanTrump’s linked item: “…the past 30-days the Illinois crop has gone from 76% rated “Good-to-Excellent” down to 56% rated “Good-To-Excellent”; Indiana has gone from 73% down to 46%; Ohio has fallen from 80% down to 41%…On the flip side, the Minnesota crop has gone from 77% rated “Good-to-Excellent” up to 85%; Nebraska from 67% up to 73%; Iowa, Wisconsin and Pennsylvania also appear to remain in great shape with each state continuing to have 80% or more of their respective crop rated “Good-to-Excellent”.
What a mixed bag and wow, the quality of the crop east of the Mississippi has really gone in the tank. The weather has been all over the place the last month or so and that will likely be the case the rest of the way with such a strong El Nino influence this summer. Corn prices are also edging higher as well.
It’ still too early to peg the prospects for corn drying across the board, but I have had a few conversations with folks in Iowa, Illinois, Indiana and Ohio the past few days to pick their collective brains.
In Iowa, the southwest portion of the state would be the least favorable. Central Iowa is probably the garden spot of the state and one person told me he expects a drying year similar to last year, or ‘average’, as he put it. Things are very ‘spotty’ in Illinois. Some places are great, some places are a washout. Indiana and Ohio have had as much or more rain than anywhere else in the corn belt. It will lead to some irregularities across the states, but likely a higher possibility for drying.
I think it’s going to be hyperlocal this year; some regions will see some great demand where others will be ho hum. Obviously, we have to get through August first and that month is going to tell the tale on how much drying we will need, but the weather patterns still seem favorable for bringing some rains.