Top Corn States' Corn Condition Getting Worse

The most recent U.S. Department of Agriculture report says that the top 18 corn producing states in the nation had the quality of the corn drop, as the drought continues to hammer the Midwest.

According to the USDA report, 30 percent of the corn crop in the top corn states is now considered to be in poor or very poor condition. That's an 8 percent drop since just a week ago, when it stood at 22 percent.

Expert have said there is only about a ten day to two week period left where significant rains must come in order to salvage the corn. Already in some areas it's too late for the crop, even if it was to rain hard.

The states being hardest hit at this time are Illinois and Indiana, with Indiana having 61 percent of its crop rated poor or very poor. Last week 50 percent of Indiana corn had the same rating.

Illinois, which is second only to Iowa in corn production, dropped from 33 percent last week to 48 percent this week as to the percentage of the corn crop being rated poor or very poor.

For the entire nation, the amount of corn rated good to excellent fell from 40 percent this week, down from 48 percent last week.

It appears for every day the drought continues, a little more than 1 percent is added to the poor or very poor rating and subtracted from the good to excellent rating.

While the amount of corn planted this year has given some leeway to the industry, a couple of more weeks of this weather will cut deeply into the earlier corn yield projections, which have already fallen quite a bit for the year.