Source: Anna-Lisa Laca, AGWEB, 7/17/19


In the most recent Crop Progress report, USDA noted 58% of the corn crop was in good-to-excellent condition as of week 28. While that’s up 1% from the prior week, it’s 13% lower than the five-year average. Similarly, soybeans continue to struggle. Just 54% of the crop was in good-to-excellent condition, 14% less than the five-year average. According to John Newton, chief economist at American Farm Bureau Federation, these are the worst crop conditions since 2012. 

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