# USDA crop progress: Corn and soybean condition drops again

> USDA's weekly Crop Progress report showed corn good-to-excellent ratings fell 3 points to 72% for the week ending July 15, below analyst expectations of 74%. Soybean ratings also pulled back, with the heaviest losses in drought-affected states such as Missouri, Kansas and Arkansas. Yield potential is still seen above average.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/63867-usda-crop-progress-corn-and-soybean-condition-drops-again
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A surprise drop in corn ratings versus expectations adds a small bullish bias for corn and feed grain prices, though high yield potential limits the rally.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-07-19 | 5 | +5.5% | 2.9 | USDA Crop Progress showed corn condition falling 3 points to 72%, below the 74% expected, which tightened yield expectations and supported prices. |
| CORN | 2018-07-15 | 1 | +3.0% | 3.3 | USDA's weekly Crop Progress report showed corn good-to-excellent ratings down 3 points to 72%, below expectations, which supports prices through lower yield expectations. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +2.9% | +12.0% |
| CORN | 2018-11-08 | [USDA cuts corn, soybean crops](https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops.md) | -6.8% | -0.4% |
| CORN | 2023-09-05 | [USDA Crop Progress Report: Corn, Soy Conditions Fall in Week Ended Sept. 3](https://feedsoft.ai/events/13248-usda-crop-progress-report-corn-soy-conditions-fall-in-week-ended-sept-3.md) | +0.9% | -5.3% |
| CORN | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -1.6% | -2.3% |
| CORN | 2017-07-11 | [USDA: Corn drops 3 points to 65% g/e, soybeans down 2 to 62% \| Farm Progress](https://feedsoft.ai/events/69805-usda-corn-drops-3-points-to-65-g-e-soybeans-down-2-to-62-farm-progress.md) | -4.3% | -4.6% |
| SOY | 2023-09-05 | [USDA Crop Progress Report: Corn, Soy Conditions Fall in Week Ended Sept. 3](https://feedsoft.ai/events/13248-usda-crop-progress-report-corn-soy-conditions-fall-in-week-ended-sept-3.md) | -0.3% | -5.8% |
| SOY | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.3% | -4.4% |
| SOY | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.1% | +8.2% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/corn-price-updates/usda-crop-progress-corn-and-soybean-condition-drops-again

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.