Decline seen for US corn, soy, spring wheat ratings

CHICAGO: The US Department of Agriculture's weekly crop progress report should show a slight decline in condition ratings for the US corn, soybean and spring wheat crops, according to an average of estimates by 11 analysts polled by Reuters on Monday.

The report should show 64 percent of the US corn crop and 61 percent of the soybean crop rated in good to excellent condition. Both figures would be down 1 percentage point from the previous week.

For spring wheat, the average estimate was 34 percent good to excellent, down from 35 percent a week earlier.

The USDA was scheduled to release its next weekly update at 3 p.m. CDT (2000 GMT) on Monday.

The US winter wheat harvest was seen as 78 percent complete, up from 67 percent a week ago.