USDA Crop Condition Report

After the close the USDA reported on the latest crop conditions for beans corn & wheat, here's what they had to say:


Condition ratings this afternoon, show 89% of the corn crop in the silking stage, improving over last week’s 76% with good growing weather. Corn in the dough stage is at 24% compared to 14% last week and 46% for the five year average. Corn is 5% dented compared to 6% last year and 14% for the five year average. Condition ratings were 10 poor/very poor and 68% good/excellent, unchanged from a week ago.


The weekly crop report showed good progress in crop maturity listing 86% of the soybeans blooming compared to 76% last week and 55% of the crop setting pods compared to 36% last week. Condition ratings are at 9% poor/very poor and 66% good/excellent; one point deterioration from the previous week in those categories.


Crop condition ratings showed MGEX wheat (HRS) 8% harvested compared to 15% last year and 31% for the five year average. Condition ratings for HRS improved and declined one point. Poor/very poor is at 7% compared to 6% last week and good/excellent is 72% compared to 71% last week. Winter wheat is 91% harvested; the same as last year at this time and compared to 94% for the five year average.