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U.S. Corn and Soybean Crop Ratings Continue Dropping

(Mike McGinnis –

The U.S. corn and soybean crop conditions are going the wrong way, as the hot and dry weather threatens yield potential.

In its weekly Crop Progress Report, the USDA dropped both crops’ good-to-excellent ratings, while the spring wheat crop continues to deteriorate. [...]

The USDA pegged the U.S. spring wheat crop as 35% good-to-excellent, below 37% a week ago and sharply below a 70% rating a year ago. Click here to read more.