U.S. crop progress

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Good-excellentrating2The most recent U.S. crop progress report showed a 1% increase to 75% for U.S. corn ‘good-to-excellent’ rating vs an expectation that we could’ve seen a 1% decline.  Corn prices dropped below the short term upward trend after figures were released yesterday, suggesting that we could see lower prices over the next week.  Corn in dough stage now stand at 85% vs last week’s 73% and vs the 5yr average of 76%.  Corn dented also increased well and now stands at 40% vs last week’s 21% and vs the 5yr average of 35%…