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USDA: Corn Rating Remains Unchanged for Third Week in a Row

Soybean rating stays the same, too.

DES MOINES, Iowa -- U.S. corn and soybean good/excellent ratings remain unchanged from a week ago.

The trade had expected the ratings to stay equal to a week ago.

CORN

On Monday, the USDA Crop Progress Report pegged the U.S. corn crop as 72% good/excellent, unchanged from a week ago.

USDA pegged 91% of the corn crop as being in the silk stage vs. an 82% five-year average.

Also, 38% of the corn has entered the dough stage compared with a 20% five-year average.

SOYBEANS

In its report, USDA pegged the U.S. soybean crop condition at 70% good/excellent, equal to a week ago of 70%.

USDA rated 60% of the soybean crop as setting pods vs. a 41% five-year average.

WHEAT

USDA reported that 85% of the U.S. wheat wheat is harvested vs. an 86% five-year average.

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