Crop Report July 8. 2023 – Crop Condition Stabilizes.
Now Final. Sorry for the delay. It was 90% complete when published last night but I wanted to take the time to adjust the commentary and swap out two graphics.
This article is based primarily on the July 5, 2023, 2023, USDA Crop Bulletin which covers the June 25 to July 2 period of time. The USDA report usually becomes available on Tuesdays but due to the Fourth of July Holiday, it was published on Wednesday. For some reason, I forgot to publish my article Wednesday night and I remembered to do that on Friday
It now seems more like an average crop but it has not gotten worse which is a relief. Both corn and soybeans had a very good start but the quality of the crop has been somewhat compromised by drought. Soybeans are doing a bit better than corn. The condition report was about the same this week which is good given the weather. The weather outlooks are mostly favorable.
We also include the recent report on peanut prices. I vary these reports to give readers information on different crops.
The article includes a short international review of agricultural conditions.
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.
