Crop Conditions Decline as Dry Weather in Corn Belt Lingers, Futures Jump
Corn plantings are now completed and emergence in the latest Crop Progress report continues to progress, currently at 93%. This is up from both the five-year average and year-ago progress of 87%.
Corn condition ratings are as follows: 10% excellent, 51% good, 31% fair, 6% poor, and 2% very poor. The 61% in good to excellent condition compared to 72% the year prior at this time and 64% last week.
Global supply concerns along with the decline in good to excellent corn conditions are lifting corn futures...
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