"Grain Markets Brace for USDA Report and Weather Updates"
Originally Published 2 years ago — by DTN The Progressive Farmer
According to the USDA's weekly Crop Progress report, the condition of corn and soybeans in the US declined for the third consecutive week, with corn ratings dropping by 5 percentage points to 50% good to excellent, the lowest since 1988. Soybean ratings also decreased to 51% good to excellent. Despite some rainfall coverage over the weekend, it came too late to have a significant impact on crop conditions. Scattered showers and thunderstorms are expected this week, but their coverage will likely be hit or miss. Additionally, dry areas in the Southern Plains may experience more stress due to a short burst of heat.