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Key corn and soybean states see drop in crop conditions
date:Jul 11, 2012
ns. Futures prices for corn and soybeans have been soaring, reflecting the difficult growing conditions, particularly in the Midwest.
The U.S.D.A.s most recent Crop Progress report indicated corn crop condition in Iowa, which was projected to harvest 13,600,000 acres of corn this year, was 46% good to excellent on July 8, marking a steep decline from the 62% good-to-excellent rating of a week earlier. The U.S.D.A. said only 19% of Illinois corn was in good-to-excellent condition compared with 26

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