U.S. Soybean Crop Condition

Soybean crop ratings fell 1% from 62 to 61% good to excellent.

We are still 1% above last year which was rated at 60% good to excellent.

We are slightly below average for this time of year indicating that yields could be slightly below average as well.

We do anticipate that conditions will drop a couple percentages next week based on this week’s heat and dryness.