Following the dramatic spring, cooler temperatures and excessive rain that much of the Midwest faced, crop progress has been slow. But, good corn-growing has arrived at the right time. In it's latest Crop Progress Report, USDA identified 65 percent of the U.S. corn crop as in "good or excellent" condition for the week ended July 20. That's up from 64 percent the previous week and better than last year's crop, which was rated 62 percent "good or excellent" a year ago.

Still, this year's corn crop continues to lag developmentally. USDA reports that 34 percent of the crop was silking, compared to 72 percent by this time last year and 60 percent for the five-year average. Compared to last week, however, there's been a bit jump in progress as only 13 percent of the crop was silking a week ago.

The soybean crop is running behind developmentally as 45 percent of the crop was blooming compared with 70 percent for the week a year ago and 65 percent for the five-year average. Compared to last week, only 26 percent of the crop was in the blooming stage.

USDA identified 61 percent of the U.S. soybean crop in "good or excellent" condition, that equals last year's rating, and is up from 59 percent a week ago.

For the full report, click here

Source: USDA