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USDA Crop Ratings Decline On Hot Dry Weather.

USDA Released Crop Progress Report.

USDA reports U.S. corn and soybean condition ratings declined last week due to hot, dry weather around the Midwest and both crops continue to develop slower than normal.

As of Sunday, 84% of corn is at the dough making stage, compared to 97% a year ago and the five year average of 89%, while 42% has dented, compared to 84% last year and 61% on average. 4% of the crop has reached maturity, compared to 38% a year ago and 17% on average. 56% of corn is in good to excellent condition, down 3% on the week.

92% of soybeans are at the pod setting stage, compared to 98% this time last year and 96% on average. 54% of beans are rated good to excellent, 4% below a week ago.

64% of the spring wheat crop is harvested, compared to 93% last year and 69% on average. 70% of spring wheat is called good to excellent, a 3% week to week increase.

38% of U.S. pastures and rangelands are in good to excellent shape, 3% less than a week ago.

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