Soybean crop condition holds steady; winter wheat harvest marches on
The latest USDA Crop Progress report, out June 25, has quite a bit of information to unpack for corn, soybeans, wheat and other key crops – including crop quality, harvest pace and more, says a report atFarm Futures.
The agency rates 77% of the 2018 U.S. corn crop in good-to-excellent condition, down from 78% a week ago.
This year’s corn crop is still very capable of producing historically high yields, according toFarm Futuressenior grain market analyst Bryce Knorr.
USDA did not change its quality assessment of the 2018 U.S. soybean crop.
Harvest progress marches on for the 2017/18 U.S. winter wheat crop, reaching 41% last week.
Read the full reporthere.
US Corn Price Idx:ZCPAUS.CM
open: 6.9023
high: 6.9023
low: 6.6848
close: 6.7926
US Soybean Price Idx:ZSPAUS.CM
open: 15.1216
high: 15.1241
low: 14.6083
close: 14.6678
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 8.2924
high: 8.3954
low: 8.0848
close: 8.1154
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 7.5497
high: 7.6775
low: 7.4014
close: 7.4256
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