The USDA Weekly Crop Progress Report shows U.S. corn and soybeans have matured significantly compared to one week ago, while crop conditions remain stable.
U.S corn stayed at a good/excellent rating of 68%, after dropping from 69% to 68% in good/excellent condition last week.
The USDA rates corn maturity at 20%, up 11% from one week ago, yet 6% behind the 5-year average of 26%.
The percentage of U.S. soybeans dropping leaves doubled from 9% last week to 18% this week. This progress is 2% ahead of the 5-year average of 16%.
The USDA gave U.S. soybeans a 63% good/excellent condition rating, which is behind last year’s rating of 72%, but steady with last week’s condition.
(Source – http://www.agriculture.com/news/crops/usda-cn-soybes-progress-in-maturity_2-ar50220)