Crop Progress shows the third best rating for spring wheat in this week in history.

Corn ratings were unchanged in the latest week, 68% good/excellent. The trade expected +1% to 69%. This current rating is tied for 18th best out of 38 prior years of ratings.

For corn specifically, ratings are starting to pick up in accuracy for yield modeling. This week's rating can explain 54% of final yields. A model would imply US corn yields are at trend, 181.0 bpa.

Pollination is now into the Central areas of the Midwest.

Soybean ratings were unchanged in the latest week, 68% good/excellent. The trade expectation was +1% to 69%. Ratings have improved on a historical basis. It has improved to being tied for #9 out of the past 38 years.

Ratings models have little accuracy at this time. For what little influence they have, today's number would imply soybean yields are currently +1.1% from USDA's starting 52.0 bpa yield, 52.6.

The start of the long reproductive process has begun.

Spring wheat ratings posted a third week of gains. This week's number was 2% over last week, now 77% good/excellent. That was over the trade expectation of no change at 75%. There has been a clear improvement from a historical basis. Out of the prior 30 years of ratings history, today's number is #3 for this week.

Winter wheat harvest advanced from 63% complete last week to now 71%. The trade expected 74%. This is still over the five year average pace of 62%.

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