I am watching the USDA Crop Progress reports, which on Monday showed corn conditions at 65% good-to-excellent. This was up 1% from last week and close to trade estimates. This compared to the long term average of 67% good-to-excellent. For soybeans, the ratings came in at 59%, unchanged from last week and compares to the long term average at 65.4% GE. This is the critical month to watch the weekly corn conditions reports.
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