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U.S. Corn Crop Enters Silk Stage, Soybeans Bloom, USDA reports
DES MOINES, Iowa — The U.S. soybean crop condition rating is unchanged, while corn edges lower.
In its Weekly Crop Progress Report Monday, the USDA released its first ratings for soybean blooming and corn silking.
The good/excellent ratings for corn and soybeans came in within trade expectations.
The U.S. corn crop is rated 77% good/excellent, slightly below last week’s rating of 78% but way ahead of last year’s rating of 67%.
In its report, USDA pegged the U.S. soybean crop condition for soybeans at 73% good/excellent, equal to a week ago but well over the 66% from a year ago.
USDA rated 12% of the soybean crop in the blooming stage vs. a 5% five-year average.
USDA reported that 77% of the U.S. spring wheat is rated as good/excellent vs. a 78% week ago.