According to the latest USDA crop progress report, the harvest of corn and soybeans is progressing...
Speaking of not favorable, we discussed last week that the historic dry spring so far for corn and soybean country is negatively impacting the crops. So much so that domestic corn, soybean and even spring wheat crop ratings have been declining in June. Just last week alone, the share of the soybean crop rated in either good or excellent condition dropped four points. Not to be outdone, the share for corn cropped eight points. For those keeping score, and you know I got you, a little more than half of the domestic corn and soybean crop was rated in either good or excellent condition last week- the lowest share of the total crop in 35 years. Stay tuned.
Datum FS has forecasts for over 50 commodities comprising various beef, dairy, grains, pork and chicken markets. If you would like to learn more about a complimentary trial to the forecasts and commentary or about Datum FS services hit the home button above. Thanks for reading.
