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U.S. Corn, Soybean Ratings Fall Monday

For corn, it's the third week of lower conditions.

DES MOINES, Iowa -- U.S. corn and soybean good/excellent ratings have lost progress consistently in the past three weeks, while their silking and blooming stages race forward.

Today’s ratings came in as expected, regarding the trade’s estimates.

CORN

On Monday, the USDA Crop Progress Report pegged the U.S. corn crop as 72% good/excellent, below last week’s rating of 75%, but way ahead of 64% a year ago.

USDA pegged 63% of the corn crop as being in the silk stage, vs. an 37% five-year average.

SOYBEANS

In its report, USDA pegged the U.S. soybean crop condition at 69% good/excellent, below a week ago of 71% and ahead of a 61% year ago average.

USDA rated 65% of the soybean crop in the blooming stage vs. a 45% five-year average.

Also, 26% of the soybean crop is setting pods vs. an 11% five-year average.

WHEAT

USDA reported that 74% of the U.S. wheat wheat is harvested vs. a 71% five-year average.

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