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USDA: Soybean crop conditions better than last week

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.

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