Today, USDA reported 66% of the corn crop was in "good" or "excellent" condition, below last week’s 69% and last year’s 72%. The progress of soybeans, spring wheat and winter wheat are shown in the tables below.

Corn prices rose 2% last week and are 83% above year-ago levels, while soybean prices also increased 2% last week and are up 37% year-over-year. Wheat prices rose 8% over the past week and are up 18% year-over-year.

Planting Progress (Current Week … Last Year … 5-Year Average)

Corn (% Silking) … 35% … 62% … 47%

Soybeans (% Blooming) … 40% … 58% … 52%

Spring Wheat (% Headed) … 60% … 84% … 88%

Winter Wheat (% Harvested) … 68% … 70% … 72%

Percent of Crop in “Good” or “Excellent” Condition (Current Week … Last Year … 5-Year Average)

Corn            … 66%            … 69% … 72%

Soybeans … 64% … 66% … 67%

Spring Wheat … 73% … 73% … 82%

Winter Wheat … N/A … N/A … N/A