Corn, soybean field conditions slide

July 30, 2012 at 4:58 PM
| License Photo

WASHINGTON, July 30 (UPI) -- The nation's corn and soybean crops deteriorated in the week ending Sunday due to a prolonged heatwave and drought, the U.S. Agriculture Department reported.

By contrast, the condition of the spring wheat crop improved with 63 percent of the crop listed as good or excellent, a figure that only hit 60 percent a week earlier.

Corn and soybeans, however, showed marginally poorer conditions.

The report released late Monday said 24 percent of the corn crop was in good or excellent shape, compared to 26 percent in the previous week. Twenty-nine percent of the soybean crop was listed in the top two rankings, compared to 31 percent in the previous week.

Crops are listed in the report as in excellent, good, fair, poor and very poor condition.

Corn on Monday hit a record price, closing at $8.20 for the September delivery futures. Soybeans for front contract August delivery closed at $17.35 3/4.

Related UPI Stories
Latest Headlines
Trending Stories
House Majority Leader Kevin McCarthy drops bid for speaker
WikiLeaks offering $50K for video of Afghan hospital bombing
Murdoch sorry for implying Obama's not a 'real black president'
Reid sues exercise companies over eye injury
Lumber Liquidators to pay $10M in DOJ settlement