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U.S. corn beginning to dent

U.S. corn beginning to dent

About 7 percent of the national corn crop is in this stage, the USDA says

By Diego Flammini
Staff Writer
Farms.com

The U.S. crop is entering its next development stage.

About 7 percent of American corn is dented, the USDA’s latest Weekly Weather and Crop Bulletin said on Aug. 13. That figure is down from 24 percent at this time last year.

At the state level, 74 percent of corn in Texas, where some producers have started harvest, is in the dent stage. That number is the highest among the 18 recorded states.

Corn in North Carolina is 70 percent dented. And like those producers in Texas, some farmers have begun combining.

“We’re all the way through with our corn and have had started to harvest the crop,” Jeff Sparks, a producer from Columbia, N.C., told Farms.com. “We harvested around 300 acres but the moisture levels were around 30 percent, so we’ve stopped for a little bit.”

Average yields on Sparks’s farm fall between 185 and 190 bushels per acre.

The early numbers on the yield monitor are a little lower than that, he said.

“So far, we’ve averaged between 150 and 160 bu/ac with our early-maturing varieties,” he said. “I think the later varieties are going to do better and get us closer to our average.”

The U.S. soybean crop also continues to progress.

About 54 percent of the crop is setting pods, the USDA says. That number is up from 37 percent last week.

Soybeans in Louisiana have set 96 percent of their pods, which is the most of the 18 major production states. Beans in Michigan have set 31 percent of their pods. That figure is the lowest of the surveyed states.

U.S. farmers continue to harvest wheat.

About 8 percent of the spring wheat harvest is complete. That figure is down from 32 percent last year, the USDA says.

Growers in Washington have harvested 18 percent of their state’s wheat acres and farmers in North Dakota have completed 5 percent of their harvest. Those figures are the highest and lowest among the six documented states.

American farmers have harvested 89 percent of national winter wheat acres. That figure is down from 93 percent last year.

Of the 18 recorded states, 10 (Arkansas, California, Illinois, Indiana, Kansas, Missouri, North Carolina, Ohio, Oklahoma and Texas) have finished harvest.

Farmers in Idaho have combined 36 percent of their winter wheat, which is the lowest among the major production states.


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Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.