US corn rating seen steady, harvest 13% done; soy rating likely down
U.S. corn condition ratings likely remained unchanged while soybean conditions declined slightly as harvesting of both crops began to gather pace a week ago, analysts said ahead of a weekly U.S. Department of Agriculture crop report due on Monday afternoon. According to the average estimate in a Reuters poll of 11 analysts, the USDA is expected to rate 57% of the nation's corn crop in good-to-excellent condition as of Sunday, unchanged a week earlier. For soybeans, analysts on average projected that the USDA's rating would decline by one percentage point to 57% good-to-excellent. Corn and
S. S. Department of Agriculture crop report due on Monday afternoon. According to the average estimate in a Reuters poll of 11 analysts, the USDA is expected to rate 57% of the nation's corn crop in good-to-excellent condition as of Sunday, unchanged a week earlier.
For soybeans, analysts on average projected that the USDA's rating would decline by one percentage point to 57% good-to-excellent. If realized, the ratings for both crops would be the lowest for this time of year since 2023, according to USDA data. Corn and soybean harvesting was slowed in some areas of the Midwest last week by excessive rains, analysts said. Soggy field conditions and more showers this week are likely to continue restricting harvest progress, they said.
Analysts polled, on average, expect the USDA to report the corn harvest at 13% complete as of Sunday, one point slower than the five-year average for this point of the season. The soybean harvest was seen 12% complete, about in line with its five-year average. m. CDT (2000 GMT) on Monday.
Spring wheat harvesting was winding down. Analysts, on average, expect the crop to be 97% harvested as of Sunday. Farmers have also started planting their 2027 winter wheat crop. Analysts, on average, expect the USDA to report winter wheat planting at 16% complete, up from 8% a week earlier.
com; +1 313 484 5285)