August 01, 2014

01/08/2014: Crop numbers remain at high levels

Corn conditions were mostly unchanged -- with a slight improvement in one category -- while soybeans were identical in their ratings from a week ago in Monday's USDA-NASS Crop Progress report. 

With those numbers already at fairly high levels, the data likely won't mean much good news for the corn and soybean markets moving through the overnight trade and into Tuesday, analysts say reported by aquaculture.com.

Now, 75 percent of the nation's corn crop is in good or excellent condition, identical to a week ago with one slight change: Corn rated in the top "excellent" category rose to 21
percent, while the lower "good" category fell by one percentage point to 54 percent. Soybeans, on the other hand, were identical in their rating from one week ago, with 72 percent in good or excellent shape, according to Monday's report.

Read more HERE.
 

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