Crop ratings declined more than expected.

Crop ratings out at 3 o’clock, had expectations for ratings on spring wheat to drop only 2%, but they dropped 5% out of the good/excellent category (at 38%). Corn was down more than expected, they were looking for 74% good/excellent it was at 72%. Soybean ratings, the first one for the year, came in at 67% when the expectation was 70% good/excellent. Depending on what radars look like tonight, this information is friendly for tonight’s price opening.