Crop ratings tumble double expectations.

Crop condition ratings this afternoon surprised the trade declining twice as much as expected.

Another week of 2-3% declines from the GD/EX category was anticipated for corn and beans. Corn declined 6% to 55%, while soybeans declined 5% to 54%. Spring wheat ratings also surprisingly drop 7% to 51% GD/EX.

This will likely have grain prices popping higher on the opening of the night session.