Soybean crop rating moves up, corn remains unchanged, USDA says
The U.S. corn and soybean ratings remained mostly steady, contrary to the trade’s expectations of higher ratings.
On Monday, the U.S. corn rating stayed unchanged, while the soybean rating edged slightly higher, according to the USDA Crop Progress Report.
In its report, the USDA’s estimate of corn with a good/excellent rating of 72%, equal to a week ago.
Meanwhile, 92% of the nation’s corn is silking vs. a 87% five-year average.
For the U.S., 39% of the corn crop has entered the dough state vs. a 33% five-year average.
USDA rated 85% of the nation’s soybean crop in the blooming stage, ahead of the 82% five-year average.
At the same time, 59% of the U.S. soybean crop is setting pods vs. a 54% five-year average.
In its report, the USDA estimates the soybean good/excellent rating at 73% vs. 72% a week ago.
In its report Monday, the USDA rated the U.S. winter wheat crop as 85% harvested vs. an 88% five-year average.
Crop progress and condition estimates are based on survey data collected each week from early April through the end of November, according to the USDA report. “The non-probability crop progress and condition surveys include input from approximately 3,600 respondents whose occupations provide them opportunities to make visual observations and frequently bring them in contact with farmers in their counties. Based on standard definitions, these respondents subjectively estimate the progress of crops through various stages of development, as well as the progress of producer activities. They also provide subjective evaluations of crop conditions,” the USDA stated in its Monday report.