# USDA: Corn drops 3 points to 65% g/e, soybeans down 2 to 62% | Farm Progress

> USDA's weekly report showed corn good-to-excellent ratings falling 3 points to 65 percent and soybeans down 2 to 62 percent. Spring wheat declined for a sixth straight week to 35 percent good-to-excellent amid hot, dry weather.

- Date: 2017-07-11 · published 2017-07-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/69805-usda-corn-drops-3-points-to-65-g-e-soybeans-down-2-to-62-farm-progress
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower crop ratings cut expected yields and support corn, soybean and wheat prices. Feed buyers face higher input costs if the trend continues.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-17 | [USDA crop progress: Corn and soybean condition drops again](https://feedsoft.ai/events/63867-usda-crop-progress-corn-and-soybean-condition-drops-again.md) | -0.7% | -0.1% |
| CORN | 2024-06-24 | [USDA Crop Progress: Corn Rated 69% Good to Excellent, Soybeans 67% Good to Excellent as of June 23](https://feedsoft.ai/events/13173-usda-crop-progress-corn-rated-69-good-to-excellent-soybeans-67-good-to.md) | -7.2% | -5.0% |
| 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 | 2022-05-13 | [USDA: U.S. Corn Production to Drop 4.3%](https://feedsoft.ai/events/13358-usda-u-s-corn-production-to-drop-4-3.md) | -1.0% | -1.1% |
| SOY | 2018-07-17 | [USDA crop progress: Corn and soybean condition drops again](https://feedsoft.ai/events/63867-usda-crop-progress-corn-and-soybean-condition-drops-again.md) | +2.2% | +2.9% |
| SOY | 2024-06-24 | [USDA Crop Progress: Corn Rated 69% Good to Excellent, Soybeans 67% Good to Excellent as of June 23](https://feedsoft.ai/events/13173-usda-crop-progress-corn-rated-69-good-to-excellent-soybeans-67-good-to.md) | -0.9% | -3.7% |
| SOY | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -0.7% | -3.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/corn/usda-corn-drops-3-points-to-65-g-e-soybeans-down-2-to-62-

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