This article is based primarily on the August 29, 2023, USDA Crop Bulletin which covers the week ending August 27, 2023. The USDA report usually becomes available on Tuesdays. The full USDA Crop Bulletin can be accessed HERE.
It again seems like an average crop. But the recovery of the corn and soybean crops has been remarkable as the drought in the important growing area for those two crops let up. We will have to see what the impact of Hurricane Idalia is on cotton and other crops so the report next week will be of interest.
The article includes a short international review of agricultural conditions. I also included crop-related weather information. I will add the Agricultural Prices Report when it comes out.
We begin with the National Agriculture Summary. The Tables below the summary have additional data. The boxes with my comments may be incomplete so for crops of interest check the data out yourself to be sure.
| Below is pretty much the same information in table format. However, there is additional information in these tables. |
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| The condition of corn seems to have recovered from earlier this year to now exceed the five-year average which is amazing. Rice is looking good but we will have to see how it is impacted by Hurricane Idalia. |
| Soybeans are performing at their five-year average. Cotton is now in line with the five-year average. |
| Sorghum is in line with its five-year average. Peanut conditions have slipped a bit. Spring wheat is better than last year but not up to the five-year average. Oats are just a tad over from their five-year average and Barley could be doing better but is a bit ahead of last year. |
| The pasture conditions are a lot better than last year. |
Some additional detail is provided HEREIt is mostly some additional weeks of data and it is all in larger print. |
Let us take a look at the weather forecasts.
| 6
– 10
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| 8
– 14 |
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| 3
– 4 |
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HAZARDS OUTLOOKS
Here is the latest Day 3 -7 and Day 8 – 14 hazards forecasts which update only on weekdays. I think it supplements the standard weather forecast.
| You can track the situation daily by accessing our Daily Weather forecast which you can access HERE. But the weather outlook maps in this article also update. Of interest are the areas of excessive heat. |
Looking at the month-to-date precipitation
| You can see the wet and dry areas. |
The NASS Report of the Week. (The prices reports will be added when it is available. )
International
| And here is the map that was provided this week. |
| I am showing Mexico because it informs us of the progress of the Sonoran Monsoon which seems to have been reinvigorated and is starting to impact CONUS to some extent. |
Sources of Information
Weekly Updates can be found HERE
and perhaps more directly HERE
Additional Useful Sources of Information
WASDE: World Agricultural Supply and Demand Estimates HERE
NASS Report Schedule HERE
Executive Briefings HERE
Economics and Prices HERE
Office of the Chief Economist HERE.
Drought information by crop HERE
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| I hope you found this article interesting and useful. |
