Crop Condition Ratings
Corn ratings gd/ex came in at 65% which is unchanged from last week's 65% trade was estimating 66%
Bean ratings gd/ex came in at 60% which is up 1% from last week's 59%
MWE ratings gd/ex came in at 11% which is down 5% from last week's 16%, trade was estimating 15% gd/ex, more importantly poor to very poor up to 63% from last week's 55%
Spring wheat very bullish to price expectations tonight with corn slightly friendly and soybeans neutral to expectations. Going forward the street will be expecting lower ratings due to this weeks forecast.