The USDA says national corn and soybean condition ratings declined slightly over the past week with hot, dry weather an issue in parts of the region. Depending on the severity of the stress, conditions could trim some yield at a time when both crops need trend-line or better yields to meet demand expectations.
As of Sunday, 64% of the U.S. corn crop is in good to excellent shape, down 1% on the week, with 79% of the crop silking, compared to the five-year average of 73%, and 18% at the dough making stage, compared to 17% on average.
