The US corn crop ratings were steady this week at 67% good/excellent. While the Ohio corn rating was up 2 points at 52% good/excellent.
US soybean were pegged at 67% good/excellent, up 1 point on the week. Ohio soybeans are also up 1 point at 58% g/e.
US winter wheat crop condition is down 1 point at 49% good/excellent, compared to 61% g/e last year. The winter wheat crop is 28% harvested nationwide. The market will continue to watch the spring wheat crop ratings, which came in this week at 41% g/e, versus last year’s 76% mark.
Isolated pockets of the Midwest received small amounts of rain over the last 72 hours with the next chance of rain for the Corn Belt to come Thursday/Friday. Cooler temps look to prevail the belt next week.
The USDA will release its Quarterly Grain Stocks and Planted Acreage Report on Friday, June 30.
Click here for the entire USDA report.