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While the U.S. crop progress rating jumps slightly this week, the soybean conditions remain the same, according to the USDA weekly report released on Tuesday. For corn, 59% is rated good/excellent, up from 57% a week ago. Also, 25% of the corn crop is rated fair, and 16% very poor-poor. As of Sunday, the crop is 81% dented, above 77% a year ago. USDA indicated 20% of the corn is in the mature stage, slightly ahead of 19% from a year ago. USDA rated the soybean crop 59% good/excellent, 27% fair, and 14% very poor-poor. Also, 13% of the crop is dropping leaves, equal to a year ago.
For wheat, the spring harvest is 97% complete, ahead of 88% a year ago. USDA, in its weekly report, indicated 42% of the cotton bolls are opening, sharply higher than 29% a year ago. Also, 39% of the cotton crop is rated as good/excellent, 28% fair, and 33% very poor-poor. |
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