Key facts
- US corn crop health rating is 67% good/excellent, the lowest starting score since 2019.
- US soybean crop health rating is 66% good/excellent, the lowest since 2023.
- Spring wheat ratings fell below pre-report estimates.
- Drought is no longer indicated in key northern plains and Canadian growing regions.
- Winter wheat harvest has begun.
Initial health ratings for U.S. corn and soybeans have fallen below market expectations, with corn at 67% good/excellent, the lowest starting score since 2019, and soybeans at 66% good/excellent, the lowest since 2023. Spring wheat ratings also declined below pre-report estimates. Drought is no longer indicated in key northern plains and Canadian growing regions, and the winter wheat harvest has begun. Crop health ratings are a key indicator of potential yields and can influence commodity prices. Lower-than-expected ratings for major crops like corn, soybeans, and wheat can signal potential supply shortages, impacting global food prices and agricultural markets.