USDA reported that 73% of the corn crop was in “Good” or “Excellent” condition this week, below last week’s 75%, but above last year’s 72%.
Corn, soybean and wheat futures prices declined over the past week. ?Corn prices fell 7% and are 11% below year-ago levels. Soybean prices declined 1% and are down 21% year-over-year, while wheat prices declined 3% over the past week and are down 15% year-over-year.
