USDA releases weekly Crop Progress Report

After falling for three weeks in a row, corn conditions in the U.S. improved slightly last week. That is according to the USDA weekly Crop Progress report released yesterday.

Soybean condition, on the other hand, logged its fourth weekly decline.

Nationally, corn was rated 51% good to excellent, up just 1 percentage point from 50% the previous week and down from 64% a year ago at this time. This year’s current rating is now the lowest for the crop for this time of year since 2012.

Soybeans were rated 50% good to excellent as of Sunday, down 1 percentage point from 51% last week and down from 63% a year ago at this time. Like corn, soybean’s current rating is the lowest since 2012.

USDA said 48% of the spring wheat crop was rated good to excellent as of July 2, down 2 percentage points from last week’s 50%, and down from 66% a year ago.

Forty percent of the spring wheat crop in North Dakota was rated good to excellent, down from 49% a week ago,

More widespread rain and cooler weather is in the forecast for the coming week, which should be beneficial for crops in many areas of the country.

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