Corn, Wheat Prices Rise, Drop Slightly for Soybeans

Yesterday, USDA reported that 68% of the corn crop was in “Good” or “Excellent” condition, slightly below last week’s 69% and last year’s 69%.

Corn prices increased 4% over the past week and are 35% above levels from a year ago. Soybean prices declined less than 1% over the past week but are up 7% year-over-year. Wheat prices are up 52% vs. a year ago as they increased 1% during the past week.