Posted by: usset001 | August 20, 2014

Soybean conditions are very good

soybean conditions August 17 2014I’ve been sharing the attached chart with Minnesota producers. They say that a picture is worth a thousand words, but many people are taking the wrong message from this chart. Minnesota producers look at the graph and conclude that soybeans conditions in Minnesota are not good. Wrong conclusion. Soybean conditions in Minnesota – 64% rated good to excellent – are remarkably average. If you look at soybean conditions in the third week of August over the past 10 years, you will find five years better, and 5 years worse, with 64% on average rated good to excellent.

The story in this picture is just how good soybean conditions are in many other key producing states. 78% good to excellent in Illinois and Missouri! Most other top-producing states are at 70% G-E or better.

The crop conditions index for the U.S. soybean crop is at 381 – that is the highest it has ever been at this time of the year since USDA started regularly tracking crop conditions in 1986. (The crop condition index is based on weekly USDA crop ratings. An index of 500 reflects a crop in excellent condition, 400 is good, 300 is fair, 200 is poor and 100 is very poor.)

If we can avoid an early frost or any other unforeseen calamity, we are headed towards a record setting yield.

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