According to a recent Purdue University press release, corn and soybean crops in Indiana and Ohio are in the best condition among the nation’s leading producing states, which could benefit producers.
The latest USDA Crop Progress Report shows 82% of Ohio’s corn crop and 76% of Indiana’s were rated in “good” to “excellent” condition. The report also shows 78% of Ohio’s soybeans and 72% of Indiana’s were rated “good” to “excellent.” Chris Hurt, Purdue Extension agricultural economist, says in the press release, "Ohio really has the premier corn crop of the major production states as of right now, and Indiana is a close second. This is very encouraging to producers after suffering through last year's drought."
Hurt believes with the current crop conditions, U.S. yields would average about 156 bushels per acre on corn and 43 bushels per acre on soybeans. However, future prospects are optimistic as weather conditions appear to be improving for crop development in the Midwest over the next two weeks, according to Hurt.
The strong crop conditions in Indiana and Ohio have put producers in a position to fare better financially than producers in states where delayed planting has been an epidemic. The favored conditions, paired with optimistic weather forecasts, have put producers in these states in a position to realize above trend yields this season.