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U.S. Corn Ratings Fall Slightly, USDA Says
DES MOINES, Iowa -- U.S. corn and soybean good/excellent ratings drop from a week ago.
The trade had expected the ratings to worsen.
On Monday, the USDA Crop Progress Report pegged the U.S. corn crop as 68% good/excellent, below a 70% rating from a week ago.
USDA pegged 85% of the corn crop as being in the dough stage vs. a 72% five-year average.
There is 44% of the corn in the dent stage vs. a 26% five-year average.
In its report, USDA pegged the U.S. soybean crop condition at 65% good/excellent, below a week ago rating of 66%.
USDA rated 91% of the soybean crop as setting pods vs. a 83% five-year average.
USDA reported that 60% of the U.S. spring wheat is harvested vs. a 44% five-year average.