The USDA’s good to excellent ratings on corn and soybeans sank slightly again last week. The crops are showing the impact of hot, dry weather in some key U.S. growing areas. That will get alleviated at least somewhat this week in parts of the region, but the USDA could trim yield estimates in the next crop production report.
As of Sunday, 57% of U.S. corn is in good to excellent condition, 1% less than last week, with 94% of the crop silking, compared to the five-year average of 97%, 62% at the dough making stage, compared to 65% on average, and 16% dented, compared to the normal rate of 20%.
