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With more than half of the nation's corn harvested and at least half of the beans likely to be in the bin by this time next week, crop progress and condition ratings are likely to have little effect on the markets. USDA's latest weekly report shows 54% of the corn crop is cut and 41% of the soybeans. Those compare to average rates of 20% and 19%, respectively.
Condition ratings have become pretty stable as the crop season winds down, with just a percentage point swap between categories in both corn and beans.
Source: DTN / Progressive Farmer