US corn rating 58 percent good-excellent

The US Department of Agriculture is expected to rate 58% of the US corn crop in good to excellent condition in its weekly crop progress report, unchanged from a week earlier, according to an average of estimates by 13 analysts surveyed by Reuters on Monday. Estimates ranged from 55% to 61% good to excellent, with a median of 59%, as analysts weighed how crops responded to rising temperatures and drier conditions in parts of the Midwest. For soyabeans, analysts, on average, forecast the USDA would rate 54% of the US crop as good to excellent, unchanged from a week earlier. Estimates on soyabean ratings ranged from 51% to 55%, with a median of 54%.