This afternoon's USDA Crop Conditions Report was out and as expected both Corn and Soybean ratings were lower than last week. Corn was down 7% nationwide now rated at 56% Good/Excellent. Most notable changes were: Illinois (Down 15%), Indiana (Down 10%), and Missouri (Down 6%). SD ratings were 5% lower at 71% G/E.
Nationwide Soybean ratings also followed Corn as we dropped 3% from a week ago. Notable changes were: IL (Down 12), IN (Down 8), and SD dropping 4% at 72% G/E. Interesting to note that MN and IA gained on last week and OH stayed the same.
Progress wise, corn is 10% silking which is 7% ahead of average. Soybeans are 12% blooming stage and is 8% ahead of average. Spring wheat is 57% headed which is 39% ahead of average and well ahead of last years pace of 5% on June 25th.
Winter wheat is 59% Harvested and chugging along quite well. We were 36% harvested at this time last year.
All crops continue to mature at a quick pace. Soybeans ratings were not dropped as much as corn, with some states seeing improvements.