Home Commodity News U.S. corn ratings seen declining to 59% good-excellent, soy seen steady

U.S. corn ratings seen declining to 59% good-excellent, soy seen steady

U.S. corn ratings seen declining to 59% good-excellent, soy seen steady

The U.S. Department of Agriculture is expected to rate 59% of the country’s corn crop in good to excellent condition in its weekly crop progress report, down from 60% a week earlier, based on the average estimate in a survey of 12 analysts on Monday.

Analyst estimates for good to excellent ratings in corn ranged from 58% to 60%, with a median of 59%.

For soybeans, analysts on average predicted the USDA would rate 56% of the crop as good to excellent, unchanged from the previous week, with estimates ranging from 54% to 57% good to excellent and a median of 56%.

The government was scheduled to publish its report at 3 p.m. CDT (2000 GMT) on Monday.

For spring wheat, analysts on average estimated the harvest as 89% complete, up from 77% as of Aug. 22.

The U.S. winter wheat harvest is over, last reported by the USDA as 95% complete by Aug. 8. US/WHE
Source: Reuters (Reporting by Julie Ingwersen)

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