U.S. Corn and Soybean Crops Are in Their Best State Since 2018

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

U.S. corn and soybean crops have initiated this growing season on a robust note. The U.S. Department of Agriculture’s first assessment for this season revealed that 72% of soybeans are in either good or excellent condition, surpassing the 10-year average of 68%.

Similarly, corn conditions have been reported at 75% good-to-excellent, exceeding both trade expectations and the 10-year average of 71%.

Comparatively, only two other years in the past two decades have seen better combined corn and soybean health at the beginning of the season: 2014 and 2018.
Despite challenges such as severe drought in the Plains affecting the 2022 harvest, top growers like Iowa and Illinois have continued to achieve strong results.
U.S. Corn and Soybean Crops Are in Their Best State Since 2018However, while this year’s crop health bodes well, it may not guarantee yields above the USDA’s trendline, especially for corn. The USDA’s corn trend yield has been a point of contention, with recent years falling short.

In 2023, the U.S. corn harvest set a record but still fell below the trendline, marking the largest shortfall since 2020.Similarly, soybean yields have fluctuated around the trendline, with the USDA’s 2023 and 2024 trend yields closely mirroring previous records.

Despite controversy surrounding trendline projections, USDA’s condition scores suggest both crops are poised for success, barring any extreme weather events.

Forecasting yields often relies on linear regression modeling, which assesses how much yield variation can be explained by factors like weather conditions.
U.S. Corn and Soybean Crops Are in Their Best State Since 2018For corn, late July conditions have the highest correlation with yield deviations from the trendline, reaching an R-square of 0.73. However, incorporating additional factors like July or August weather could enhance the model’s reliability.

In contrast, soybean yield deviations from trend yields yield a lower R-square, remaining below 0.5 until late August. Robust soybean yields are often associated with mid-season conditions, typically around 60% good-to-excellent.

In summary, while the current corn and soybean crops in the U.S. show promise, uncertainties regarding yield outcomes persist, emphasizing the importance of monitoring weather conditions and other variables throughout the growing season.

To have the best trading experience with usopen an account at Longhorn


  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *