Crop report, and holding corn to meet ethanol contracts
August 14th, 2012 by Ric Hanson
Cooler temperatures and rain last week helped some of Iowa’s crops. The latest U-S-D-A crop report says the heaviest rain fell in the northeast and southwest portions of the state. The report says that helped soybean conditions improve for the first time in seven weeks. Thirty-seven percent of the soybeans are now rated in very-poor or poor condition, while 38-percent are rated fair and 25-percent are in good to excellent condition. The corn crop saw a slight decline in its condition, with 51-percent in very-poor or poor condition. Thirty-three percent is rated in fair condition and just 16-percent in good to excellent condition.