Crop conditions continue to decline this week, according to the latest USDA weekly crop progress report.

USDA rates 59% the current corn crop in good or excellent condition, down from 62% last week. And, 15% of the crop is listed at poor or very poor status, compared to 12% last week. Corn remains rated above last year's conditions, which were 53% good or excellent in 2005.

Meanwhile, soybeans conditions also degraded. USDA rates 54% of the crop in good or excellent condition, compared to 57% last week. And, 15% rates poor or very poor, compared to 13% last week. The current soybean conditions are nearly identical to the previous year's ratings.

Spring wheat remained steady, with 34% of the crop listed good or excellent, the same as last week. In a very slight improvement, 31% was rated poor or very poor compared to 32% last week.

Winter wheat harvest approaches completion. About 86% of the crop is harvested, well above the five-year average of 81%.

Cotton conditions declined some as well. USDA rates 38% of the crop at good or excellent condition, compared to 40% last week. And, 32% is in poor or very poor shape, compared to 31% last week.

Crop conditions continue to decline this week, according to the latest USDA weekly crop progress report.