Drought continues to expand its grip across the Corn Belt. Last week, 34% of the U.S. corn crop was covered in drought, and this week it jumped to 45%. The second crop conditions ratings of the season from USDA-NASS confirmed dryness is starting to deteriorate crop conditions.
It's not just the corn crop being hit by expanding drought conditions, but also soybeans. USDA and the National Drought Mitigation Center indicates 39% of the U.S. soybean crop is also in drought, which is an 11-point jump in a week's time.
The latest U.S. Drought Monitor shows 54% of the continental U.S. is experiencing D0-D4, which is exceptionally dry to exceptional drought conditions. The bright spot of the updated drought picture might be the area considered to be in exceptional drought, which is the highest level of drought rating, saw a slight decline...MORE
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