US wheat conditions improve after rains, corn crop rated 69% good-excellent
Wheat
Maize (Corn)
Soybean
United States
Published Jun 1, 2023
Tridge summary
The condition of the drought-hit U.S. winter wheat crop has improved more than analysts expected, while the nation’s corn is in worse shape than last year, U.S. Department of Agriculture data showed on Tuesday. The lower-than-expected rating could give a slight boost to Chicago Board of Trade corn futures Cv1, Wiegand said. The United States is the world’s No. 2 corn exporter after Brazil.
Original content
Dryness in parts of the Midwest has raised questions about the crop’s outlook, after the USDA on May 12 projected that corn supplies will rise sharply due to forecasts for a record harvest. U.S. corn planting is 92% complete, up from 81% a week ago, the USDA said. That matched analysts’ expectations. For soybeans, planting is 83% complete, up from 66% a week ago, the USDA ...
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