The USDA’s national corn and soybean condition ratings declined over the past week. Last week was another mixed week of weather for the Midwest and Plains, but that did include very hot and dry conditions in parts of the region.
As of Sunday, 62% of U.S. corn is in good to excellent shape, down 2% on the week and 7% on the year, with 73% of the crop at the dough making stage, compared to the five-year average of 68%, and 22% at the dent stage, matching the average pace.