Market News

U.S. corn, soybean ratings hold

U.S. corn and soybean condition ratings held steady last week.

74% of corn and 72% of beans are rated good to excellent, unchanged from a week ago, and while key, late development phases for both crops are a little behind average, they’re at or ahead of last year’s pace.

82% of corn is dented, compared to the five year average of 85%, 27% has reached maturity, compared to 39% on average, and 4% is harvested, compared to 9% on average. 24% of soybeans are dropping leaves, compared to 32% on average.

For spring wheat, 74% is harvested, compared to 86% on average, and for winter wheat, 12% is planted, compared to 11% on average.

50% of U.S. pastures and rangelands are rated good to excellent, up 2% on the week.