The U.S. soybean crop conditions improved over last week's rating, corn stayed the same, according to this week's USDA report released on Monday.

For soybeans, 56% of the crop is rated good/excellent, slightly higher than a week ago. Also, 28% is rated fair, and 16% very poor-poor. The soybeans are said to be blooming at 97%, the same as a year ago. The USDA reported 85% of the soybeans are setting pods, below 87% from a year ago.

Corn is rated 57% good/excellent, 25% fair, and 18% very poor-poor. Also, 25% of the crop is in the dent stage, higher than 21% a year ago. Plus, 67% of the corn is in the dough stage, above a 62% year ago rating.

USDA, in its weekly reported that the winter wheat harvest is 97% complete and the spring wheat crop is 69% harvested.

For cotton, 39% is rated good/excellent, 35% very poor-poor, and 26% fair. USDA noted that 90% of the crop is setting bolls, and 14% bolls opening.

The U.S. soybean crop conditions improved over last week's rating, corn stayed the same, according to this week's USDA report released on Monday.