
Across the U.S. nearly 18 million acres of corn and soybeans are in poor-to-very-poor condition, reports the American Farm Bureau Federation. This is in line with prior-year conditions for both crops. While in aggregate the conditions are in line with prior-year levels, one-third of these acres are in two states disadvantaged by particularly poor growing conditions: Missouri and Kansas.
Currently, USDA projects Missouri corn and soybean yields at 131 bushels per acres, down 23% year-over-year, and 45 bushels per acre, down 8% year-over-year, respectively.
In Kansas USDA projects corn yields to fall 2% to 129 bushels per acre and for soybean yields to drop 3% to 36 bushels per acre.