Crop Progress Shows Corn, Soybeans Conditions Steady to Lower

Corn conditions declined slightly again in the latest USDA crop progress report. Falling one point behind last week, corn condition is now at 54% good to excellent. Corn progress is at or near the five-year average, with crop maturity at an estimated 8% compared to the average of 9%. Wisconsin and Illinois host the best-rated corn, 76% and 69%, respectively, and Kansas holds the lowest rated thanks to extreme drought at just 22% good to excellent.

Meanwhile, soybean conditions hold steady while crop progress falls just behind the average pace. USDA estimated 57% of U.S. soybeans to be in good-to-excellent condition, unchanged from last week. However, the current rating is tied for the seventh lowest since 2000.

Read more on the latest USDA crop progress and conditions report here.