Markets are mixed this morning with corn down 5 and soybeans up 18.
Corn condition ratings rebounded by one point this week to 51% good/excellent, still below 64% last year and the 66% five-year average; corn silking doubled to 8%, in line with 7% LY and the 9% 5YA pace.
Soybean conditions fell by 1% to 50% g/ex, down from 63% LY and the 64% 5YA; soybean blooming and pod-setting were reported above their comparable at 24% and 4%, respectively.
NOAA and the EU model look similar this morning, both showing rain in the South and little in the Central US and North. Temperatures will be on the cool side. For all the rain that was supposed to develop, its sure seems like it was on the light side compared to forecasts.
Have a Safe Day!