Washington, July 12 News: The U.S. Department of Agriculture’s weekly national crop progress report showed that the U.S. soybean good-to-excellent rate was 1 percentage point lower than a week ago, while the market expected a 1 percent improvement.
In the 18 states that account for 96% of the national soybean planting area, as of July 10 (Sunday), the US soybean bloom rate was 32%, 16% last week, 44% last year, and the five-year average of 38%.
The soybean pod setting rate was 6%, 3% last week, 9% last year, and the five-year average was 9%.
The soybean good-to-excellent rate was 62%, 63% last week, and 59% last year. Analysts on average expected a good-to-good rate of 64%.
The ratio of soybean ratings this week is 10% excellent, 52% good, 29% fair, 7% poor, and 2% bad; last week, 9% was excellent, 54% good, 28% fair, 7% poor, and 2% bad; last year In the same period, it was excellent by 10%, good by 49%, average by 30%, poor by 8%, and poor by 3%.