Crop Condition Report

The USDA June 27th, 2023, Crop Progress Report showed slightly higher crop condition ratings for corn and soybeans compared to previous weeks. A commonly watched ranking from this report is the percentage of corn rated good to excellent (G/E). Across the US, 57% of corn and 50% of soybeans were rated G/E (Figure 1 & Figure 2). Both crops had ratings around 50% in previous weeks primarily due to limited rainfall. Recently, most of Midwest received rain easing drought conditions and helping...