Condition of Corn Crop is Down 3% From Last Week

The latest USDA Crop Progress Report revealed that 67% of the U.S. corn crop is now rated good/excellent, a 3% decrease over the prior week but a 3% increase over the prior year. 4% of corn is in the silking stage, on par with the prior year and the five-year average.

Soybean planting is nearly complete at 98%, 1% ahead of the five-year average and, with 91% emerged, on par with the five-year average. Conditions are also down three points over the prior week but five points above the five-year average, rated 65% good/excellent.

Spring wheat emergence is down a modest 1% from the five-year average of 99%. The main area of concern, however, is that only 8% has headed — a staggering 26% behind the five-year average. Conditions remain a bright spot, with 59% rated good/excellent, compared to 20% at this time last year.

Read more on the results of the latest USDA Crop Progress Report.