The USDA's national good to excellent rating on soybeans held steady last week, while corn declined slightly. Some key U.S. growing areas have recently received too much rainfall, while others are expected to see a hot, dry pattern for most of this week, but for now, corn and beans are both in good shape overall.
As of Sunday, 75% of U.S. corn is rated good to excellent, down 1% on the week, with 37% of the crop silking, compared to 18% both last year and for the five-year average.
71% of U.S. soybeans are in good to excellent shape, unchanged from a week ago, with 47% of the crop blooming, compared to 27% on average, and 11% at the pod setting stage, compared to 4% normally this time of year.
80% of U.S. spring wheat is in good to excellent condition, a week to week improvement of 3%, with 81% of the crop headed, compared to the usual pace of 69%.
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