# U.S. Corn Condition Second Highest on Record | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's May 29 Crop Progress report rated 79 percent of the 18-state US corn crop in good to excellent condition as of May 27. That was well above the trade estimate of 72 percent and the highest initial rating since 1994, with only 3 percent in poor or very poor condition.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/64879-u-s-corn-condition-second-highest-on-record-farm-bureau-intel-markets-american
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A strong initial condition rating signals good yield prospects and a larger expected crop, which is bearish for corn prices. The rating is early, so weather in June and July can still change the outlook.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.5% | -6.5% |
| CORN | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +0.3% | +2.4% |
| CORN | 2024-05-13 | [May WASDE Offers First Look at Upcoming Marketing Year \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/30284-may-wasde-offers-first-look-at-upcoming-marketing-year-farm-bureau-intel.md) | -0.0% | +0.5% |
| CORN | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -13.6% | -16.3% |
| CORN | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | -2.6% | +3.6% |

## Sources

- fb.org: https://www.fb.org/intel/markets/u-s-corn-condition-second-highest-on-record

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