Corn Conditions Only Modestly Improved; Soybeans Downgraded Slightly
In the latest Crop Progress report, the USDA showed that corn in the silking stage doubled from the previous week, currently at 8%. The 5-year average rate is 9% and year ago progress stood at 7% in the current week. 13 of the 18 primary corn-producing states reported some degree of silking progress, as Colorado, Michigan, Ohio, Pennsylvania, and Wisconsin have yet to report silking figures.
Following rainfall over the weekend, corn conditions were only modestly adjusted in the latest week, with 34% rated fair and 43% good, up from 42% the week prior. 8% was rated excellent...
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