Yesterday, USDA reported that 69% of the corn crop is in good or excellent condition. That’s slightly below last week’s 71% but still better than last year’s 68%.
Over the last week corn prices rose 1% and are 30% above last year at this time. Soybean prices decline 1%, but are up 5% year-over-year. Wheat prices declined by 7% during the last week, but are up 41% year-over-year.