Maloni Intelligence Chart of the Week

Grain Crops off to an Historic Start

Written by David Maloni | Jun 6, 2024 7:52:38 PM

The U.S. feed crops are off to a great start. The initial USDA crop ratings for domestic corn on Monday showed 75 (think Mean Joe Greene) percent of the crop in either "good" or "excellent" condition. For those keeping score, and Mean Joe was good at stopping such, these are the best ratings for early June since 2018 and match the fourth best since LeBron James reached his first NBA finals in 2007. History suggests that a good start to the corn crop is usually good news for production.

 

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