US wheat ratings seen steady at 58pc good/excellent

CHICAGO: The US Department of Agriculture in a weekly report due later on Monday should show no change in US winter wheat condition ratings, according to the average forecast in a Reuters poll of eight analysts.

The average estimate for the amount of US winter wheat rated in good to excellent condition was 58 percent, unchanged from the USDA's figure a week earlier.

The USDA was scheduled to release its weekly crop progress and conditions report, its last for 2016, at 3 p.m. CST (2100 GMT). The government issues the weekly reports from April through November.

The harvest of soybeans and corn is virtually complete, with progress reaching 97 percent for soybeans by Nov. 13 and 97 percent for corn by Nov. 20, the USDA said.