The USDA's national good to excellent ratings for corn and soybeans both declined modestly over the past week. Some of the drier parts of the U.S. Midwest saw only scattered rainfall over the weekend, but condition ratings typically decline as crops get closer to harvest and both corn and beans remain in better shape than this time last year.
As of Sunday, 68% of U.S. corn is rated good to excellent, 2% lower than last week, but up 6% from last year, with 85% at the dough making stage and 44% dented, both ahead of their respective five-year averages of 72% and 26%.
65% of U.S. soybeans are called good to excellent, 1% less than a week ago, but 6% more than a year ago with 91% in the pod setting stage, compared to 83% on average.
74% of U.S. spring wheat is in good to excellent condition, down 1% on the week, but up 40% on the year, with 60% of the crop harvested, compared to the usual pace of 44%.
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