Corn ratings just under expectation. Third best soybean planting.

USDA released the first crop condition rating of the year. As of Sunday, 69% of the crop was rated good/excellent. The trade estimate was 71%. By historical measures this is not the best year nor the worst. A "first rating of the year of 69%" would be seen as having no real yield impact. Other years with this start saw final yields -5% to +5%.

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