USDA Crop Condition Report
Corn
The crop progress report was out this afternoon. 7% of the corn crop is rated poor to very poor and 72% good to excellent, a 2% improvement in the good to excellent category from last week. The trade was looking for a 2% decline in the good to excellent category.
Soybeans
Soybeans are 96% planted compared to the five year average of 98%. The soybean’s condition rating was 6% poor to very poor and 68% good to excellent, a 1% improvement in the good to excellent rating. USDA shows 91% of the soybeans emerged, close to the 5 year average of 95%.
Wheat
The report has the wheat harvest at 40% compared to 46% on the five year average. Texas is 70% harvested, Oklahoma 89% harvested, Kansas 47% and Missouri 58% harvested. The winter wheat crop is rated 28% poor to very poor and 45% good to excellent, unchanged in the categories but a 1% shift from good to excellent compared to last week. Spring wheat is rated 6% poor to very poor and 76% good to excellent, an increase of 1% in the P/VP and a 1% decrease in the G/EX.
The crop progress report was out this afternoon. 7% of the corn crop is rated poor to very poor and 72% good to excellent, a 2% improvement in the good to excellent category from last week. The trade was looking for a 2% decline in the good to excellent category.
Soybeans
Soybeans are 96% planted compared to the five year average of 98%. The soybean’s condition rating was 6% poor to very poor and 68% good to excellent, a 1% improvement in the good to excellent rating. USDA shows 91% of the soybeans emerged, close to the 5 year average of 95%.
Wheat
The report has the wheat harvest at 40% compared to 46% on the five year average. Texas is 70% harvested, Oklahoma 89% harvested, Kansas 47% and Missouri 58% harvested. The winter wheat crop is rated 28% poor to very poor and 45% good to excellent, unchanged in the categories but a 1% shift from good to excellent compared to last week. Spring wheat is rated 6% poor to very poor and 76% good to excellent, an increase of 1% in the P/VP and a 1% decrease in the G/EX.