USDA's Crop Progress Ratings Lack Dazzle
DES MOINES, Iowa -- On Monday, the USDA slightly raised its U.S. soybean crop rating, while leaving corn unchanged from a week ago.
As of Sunday, 62% of the U.S. corn crop had been rated good/excellent, equal to a week ago, according to the USDA Crop Progress Report Monday.
USDA pegged the amount of the U.S. corn in the dough-growth period at 76%, compared with a 77% five-year average.
Just 29% of the crop has reached the dented growth stage vs. a 35% five-year average.
For soybeans, 87% of the nation’s crop is setting pods vs. a 85% five-year average. The U.S. soybean crop good/excellent rating is at 60%, slightly ahead of last week’s 59% rating.
The USDA pegged soybean blooming at 97% vs. a 97% five-year average.
The USDA pegged the U.S. spring wheat crop as 34% good-to-excellent, up from 33% a week ago.