USDA's crop progress report for the week ended August 15 reported 22% of corn dented, above the 21% reported dented in the same week last year. The 5-year average for corn dented in this week was 22%.
USDA has reported some 91% of corn crops silking, in line with the 91% reported silking in the same week last year. The 5-year average for corn silking in the week was 86%.
According to the most recent USDA crop progress report, some 79% of corn crops were reported silking as of the week ended July 25, in line with the 79% reported silking in the same week last year. The 5-year average for corn silking in the week was 73%.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.