Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 5/24/17


The USDA will report crop condition ratings for the 2017 U.S corn and soybean crops in the 18 major producing states in the weekly Crop Progress report beginning May 30 and continuing until harvest. Weekly crop condition ratings have been made for all the major producing states since 1986. Market participants typically follow the crop condition ratings closely as an indication of crop health, yield potential, and change in yield potential as the growing season proceeds. Recent research documents that these ratings indeed have a substantial market impact during the growing season.

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