US soybean crop conditions worsen again

The conditions of the US soybean crops registered a new worsening between August 21 and 27, continuing the deterioration registered in the previous week. In any case, the national indices remain slightly above those registered at the same time last year.

According to USDA, through August 27, 58% of US soybean crops were in good or excellent conditions, 28% in fair conditions, and 14% in poor or very poor conditions. In the previous week, the percentages were 59%, 28% and 13%, respectively. At the same time in 2022, the data pointed to 57% of crops in good or excellent conditions, 30% in fair conditions, and 13% in poor or very poor conditions.

The period between August 25 and 31 was again of low moisture over most of the US growing belt. Most of the main states did not receive significant rainfall in the period, and there were also places where no rainfall was registered. This lack of moisture, added to above-average temperatures registered in some states, brought again an unfavorable scenario for crops, which should result in a new worsening in the national indices of conditions in the next weekly report from USDA, to be released this Monday.

Climate forecasts now point to a period of some moisture over part of the growing belt between September 1 and 7, but without large accumulations expected. Again, such an environment may not be favorable to the final crop development in some states.

In the period between September 8 and 14, moisture should be higher in the belt, with more relevant accumulations expected.

Tags: conditions, soybean, US, crops, forecasts