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Corn+Soybean Digest

Corn Ratings Fall, Soy Crop Steady

U.S. corn conditions deteriorated last week under pressure from hot conditions across the U.S. growing belt, while soybean conditions held stable.

USDA rated the U.S. corn crop 69% good/excellent as of Sunday, down from 71% a week earlier, but still above the 68% reported a year earlier.

Soybean crop conditions were rated 66% good/excellent, unchanged from the previous week and from a year ago.

Crops continued to develop ahead of normal with USDA reporting 74% of the U.S. corn crop in the dough stage against just 38% a year earlier and a five-year average of 58%. Some 32% of the corn crop was said to be denting against only 9% a year earlier and the average of 22%.

USDA reported that 84% of U.S. soybeans were setting pods as of Sunday against only 69% a year earlier and the five-year average of 81%.

The good/excellent rating for the corn crop in the top-producing state of Iowa fell two percentage points to 68% good/excellent, while the rating for No. 2 Illinois fell 1 point to 63%.

The good/excellent rating for Iowa soybeans dropped 4 percentage points to 69%, but the Illinois rating rose one point to 64%.

Editor’s note: Richard Brock, Corn & Soybean Digest's marketing editor, is president of Brock Associates, a farm market advisory firm, and publisher of The Brock Report.

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