Oh US Department of Agriculture (USDA) Rated 64% Corn From United States According to the weekly crop improvement report released on Monday, it is 2 percentage points higher than the previous week, while analysts conducted by Reuters did not expect any change.
Estimates for soybeans were firmly held as expected. The USDA rated the 60% oil seed crop as excellent and excellent, with no change from last week.
Estimates for crops have been improved Wheat In the spring in the United States, affected by drought, 11% of the crop is considered good, up from 10% in the previous week.
Analysts, on average, did not expect any change.
On the flip side of the estimate, the USDA rated the 61% spring wheat crop as the worst and worst, at 64% compared to the previous week.
The spring wheat harvest was 38% complete as of Sunday, the USDA said, down 17% from the previous week, well above the five-year average of 21%. Analysts expect an average improvement of 33%.
For winter wheat, the USDA said harvest was 95% complete, up from 91% in the previous week, but below the analysts’ average expectation of 96%.
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