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US Corn, Soybean Crops See Expected Improvement

As expected, the condition of the US corn and soybean crops improved this past week in the wake of more moderate temperatures and improving rainfall. 

Monday’s USDA crop progress report put the nationwide corn crop at 57% good to excellent as of Sunday, up 2 points from a week earlier. The soybean crop also saw a 2-point gain on the week to improve to 54% good to excellent.  

After last week’s more crop-friendly conditions, more rain was falling today, with significant amounts in the eastern Corn Belt, from Illinois to Ohio. Over the last several days, sometimes heavy rain also fell across the western and southwestern production regions. 

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Why Is the Hard Red Winter Wheat Market Falling? - Market Monitor

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In this week's Market Monitor, hard red winter wheat market conditions remain under pressure. OSU Extension crop marketing specialist Todd Hubbs discusses the factors driving the market decline and what producers should watch moving forward.