U.S. Soybean Crop Condition

Soybean crop conditions fell a sharp 3% from last week at 57% G/E and that compares to 72% G/E last year at this time. Soybean conditions at 57% G/E are below average for the 3rd week in August. Like corn, we believe bean conditions will likely fall by another 1-2% next week based on dry conditions and heat in the west at least through Thursday.