Corn and Soybean Good to Excellent Ratings Drop Substantially

The ongoing drought has continued to wreak havoc on U.S. corn and soybean crop ratings, as seen in the latest USDA Crop Progress Report. Only 57% of corn was rated good to excellent condition, dropping 1% from last week, the lowest since 2012 (tied with 2019). South Dakota saw the most significant drop in corn conditions with a whopping 9%, followed by 7% in Iowa and a 5% decline in Missouri.

However, Colorado, Michigan, Minnesota and North Carolina all saw 4%+ increases in the corn rated good to excellent. Soybeans stand at 58% good to excellent, 1% lower than last week. Louisiana saw the most significant decline in soybean rating at a 9% drop, followed by Nebraska at 6%, Iowa at 8% and Kansas and South Dakota both dropping by 5% in the good to excellent range.

Read more on U.S. corn and soybean conditions here.