Commodities Buzz: USDA Estimates Some Improvement In US Corn Crop , Decline Seen In Soyabean Crop

As per latest report of United States Department of Agriculture (USDA), the condition of the 2018 U.S. corn crop improved 1% last week to 78% rated good to excellent. Seven states indicated that the corn condition improved last week, 7 states indicated that the corn condition declined last week, and 4 states were unchanged. Most of the improvements were found in the central and northern Corn Belt while most of the declines were found in the southern locations.

The condition of the 2018 U.S. soybean crop declined 1% last week to 73% rated good to excellent. Seven states indicated that the soybean condition improved last week, 9 states indicated that the soybean condition declined last week, and 2 were unchanged. Most of the improvements were found in the northern locations while most of the declines were found in the southern locations. The top five rated soybean states are: Wisconsin, Minnesota, Ohio, Iowa, and Kentucky.