According to the USDA, the percentage of corn identified to be in good or excellent condition as of Sep 5^th declined slightly from the previous week, finishing slightly below analyst expectations. The percentage of soybeans identified to be in good or excellent condition as of Sep 5^th increased slightly from the previous week, finishing equal to analyst expectations.

Corn:

Corn dough as of the week ending Sep 5^th was 95% complete, finishing slightly behind last year’s pace of 97% completed but remaining slightly ahead of the five year average pace of 94% completed.

Corn dent as of the week ending Sep 5^th was 74% complete, finishing behind last year’s pace of 77% completed but remaining ahead of the five year average pace of 69% completed.

An additional 15% of the total U.S. corn crop reached the dent stage during the week ending Sep 5^th. Weekly increases in corn dent on a percentage basis were led by South Dakota, followed by Oklahoma and Michigan.

Corn maturation as of the week ending Sep 5^th was 21% complete, finishing slightly behind last year’s pace of 23% completed but remaining slightly ahead of the five year average pace of 19% completed.

59% of the current corn crop was identified to be in good or excellent condition as of the week ending Sep 5^th, down one percent from the previous week. The current corn crop identified to be in good or excellent condition finished slightly below analyst expectations of 60%. 14% of the current corn crop was identified to be in very poor or poor condition, unchanged from the previous week.

Soybeans:

Soybean pod setting as of the week ending Sep 5^th was 96% complete, finishing slightly behind last year’s pace of 98% completed but remaining equal to the five year average pace.

18% of the soybean crop has dropped leaves as of the week ending Sep 5^th, finishing equal to last year’s pace and ahead of the five year average pace of 15% completed.

An additional nine percent of the total U.S. soybean crop dropped leaves during the week ending Sep 5^th. Weekly increases in soybean leaf dropping on a percentage basis were led by North Dakota, followed by Michigan and Michigan.

57% of the current soybean crop was identified to be in good or excellent condition as of the week ending Sep 5^th, up one percent from the previous week. The current soybean crop identified to be in good or excellent condition finished equal to analyst expectations. 14% of the current soybean crop was identified to be in very poor or poor condition, down one percent from the previous week.