The USDA’s national good to excellent ratings for corn and soybeans were unchanged last week. Weather has been widely varied in many key U.S. growing areas and conditions, on average, remain at much higher than a year ago levels.
72% of corn is rated good to excellent, with 91% of the crop silking and 38% at the dough making stage, both ahead of average. 70% of soybeans are in good to excellent shape, with 86% blooming and 60% at the pod setting stage, also both faster than normal.
78% of spring wheat is called good to excellent, down 1% on the week, but well above a year ago, with harvest just underway at 4%. The winter wheat harvest is 85% complete, slightly behind the typical pace.
41% of U.S. pastures and rangelands are in good to excellent condition, a week to week drop of 4%.
The USDA’s first field-survey based production numbers of the season are out August 10th.
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