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67% of U.S. corn, 65% of soybeans rated good to excellent

U.S. corn and soybean condition ratings declined last week as hot, dry weather in many key growing areas impacted crops. Temperatures in most of the region have been mild to start the week, but could turn hot again ahead of July 4th weekend, and some areas need rain.

The USDA says 67% of corn is rated good to excellent, 3% less than a week ago, and 4% of the crop is in good to excellent condition, matching the five-year average.

65% of soybeans are in good to excellent shape, down 3%, with 98% of the crop planted, compared to 97% on average, 91% emerged, in-line with the normal pace, and 7% blooming, compared to 11% on average.

30% of U.S. winter wheat is in good to excellent condition, unchanged, while 95% of the crop has headed, compared to the five-year average of 98%, and 41% has been harvested, compared to 35% normally in late June.

59% of spring wheat is called good to excellent, steady with a week ago, and 98% has emerged, compared to 99% on average, with 8% of the crop headed, compared to the usual rate of 34%.

37% of cotton is reported as good to excellent, down 3% on the week, with 33% of the crop squaring, compared to 33% on average, and 8% setting bolls, compared to the five-year average of 7%.

73% of the rice crop is called good to excellent, 1% higher, and 10% has headed, compared to 9% on average.

31% of U.S. pastures and rangelands are in good to excellent condition, unchanged from the week before.

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