According to the USDA, the percent of corn identified to be in good or excellent condition as of the week ending Jul 11^th finished up one percent from the previous week, consistent with analyst expectations. The percent of soybeans identified to be in good or excellent condition as of the week ending Jul 11^th remained unchanged from the previous week, finishing slightly below analyst expectations.

Corn:

Corn silking as of the week ending Jul 11^th was 26% complete, finishing equal to last year’s pace but behind the five year average pace of 30% completed.

An additional 16% of the total U.S. corn crop exhibited silking during the week ending Jul 11^th. Weekly increases in corn silking on a percentage basis were led by New Jersey, followed by Illinois and Missouri.

Corn dough as of the week ending Jul 11^th was three percent complete, finishing equal to last year’s pace and the five year average pace.

65% of the current corn crop was identified to be in good or excellent condition as of the week ending Jul 11^th, up one percent from the previous week. The current corn crop identified to be in good or excellent condition finished consistent with analyst expectations. Eight percent of the current corn crop was identified to be in very poor or poor condition, down one percent from the previous week.

Soybeans:

Soybean blooming as of the week ending Jul 11^th was 46% complete, finishing equal to last year’s pace and ahead of the five year average pace of 40% completed.

An additional 17% of the total U.S. soybean crop bloomed during the week ending Jul 11^th. Weekly increases in soybean blooming on a percentage basis were led by New Jersey, followed by Illinois and New York.

Soybean pod setting as of the week ending Jul 11^th was ten percent complete, finishing equal to last year’s pace and the five year average pace.

59% of the current soybean crop was identified to be in good or excellent condition as of the week ending Jul 11^th, unchanged from the previous week. The current soybean crop identified to be in good or excellent condition finished slightly below analyst expectations of 60%. 11% of the current soybean crop was identified to be in very poor or poor condition, also unchanged from the previous week.