U.S. Soybean Crop Conditions

Soybeans dropped 1% from 58 to 57% good to excellent that compares to 56% last year.

The soybean rating is below the long-term trend but keep in mind that line also includes the drought year of 2012.

When you look at the bulk of crop years we are at the lower end of the range and USDA is projecting a yield above trend.

Trend line yield is 51.5 bushels per acres and USDA is projecting 51.9.