Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - As of the week ending September 3, the good-to-excellent rate of US soybeans was 65%, lower than the market expectation of 68%, and the pod-setting rate was 93%, with the good-to-excellent rate declining from a historically high level. The good-to-excellent rate of US corn was 69%, in line with market expectations, and the dough stage rate was 89%, with the good-to-excellent rate slightly decreasing [1]. - In the next two weeks, the temperature in the main production areas of US soybeans and corn will be slightly lower, but the lack of rain will gradually worsen, posing challenges to the growth of new-season crops. Soil moisture decreased week-on-week but was better than the same period last year [1]. - The overall weather in the US has shifted from a stable state to a dry one, and the good-to-excellent rates of both US soybeans and corn have declined. Continued observation of weather changes in the production areas is needed [1]. - The results of the US ProFarmer crop tour showed that the yield per unit of US soybeans and corn was predicted to be lower than the data in the August USDA monthly report but still at a record high. Attention should be paid to the data adjustment in the USDA September report next week [1]. Group 3: Summary According to Relevant Catalogs Soybean - The current good-to-excellent rate is 65%, the previous week was 69%, and the same period last year was 65% [1]. - The sowing rate (halted) is 96%, the previous week was 97%, and the same period last year was 96% [1]. - The emergence rate (halted) is 96%, the previous week was 98%, and the same period last year was 98% [1]. - The flowering rate (halted) is 95%, and the same period last year was 95% [1]. - The pod-setting rate is 93%, the previous week was 89%, and the same period last year was 94%, with a 5-year average of 94% [1]. Corn - The current good-to-excellent rate is 69%, the previous week was 71%, and the same period last year was 65% [1]. - The sowing rate (halted) is 97%, the previous week was 98%, and the same period last year was 96% [1]. - The emergence rate (halted) is 97%, the previous week was 98%, and the same period last year was 96% [1]. - The silking rate (halted) is 97%, and the same period last year was 98% [1]. - The dough stage rate is 89%, the previous week was 83%, and the same period last year was 90%, with a 5-year average of 91% [1].
USDA周度大豆玉米生长报告-20250904
Guo Tou Qi Huo·2025-09-04 00:21