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US Corn Conditions Suffer Sharpest Deterioration In Three Years, Fueling Food Inflation Fear
Bloomberg cites a new USDA report that rated 63% of the U.S. crop as good or excellent, down 4 percentage points from the previous week and below consensus estimates. The decline was due to heat and dryness battering some of the nation's top agricultural growing belts.
US Corn Conditions Slide 4% ????
— GrainStats ???? (@GrainStats) July 28, 2026
Farmers are saying it's the largest crisis on the Farm since last week pic.twitter.com/D0iX8PFL93
1YR Net Change Corn Crop Yield Forecasts
The most-active contract gained as much as .9%