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USDA Reports Soybean and Corn Conditions Below Expectations as of June 7

2026-06-08 23:08:53

CORN-0.26%

According to the USDA weekly crop progress report released Tuesday as of June 7, U.S. soybean conditions are lagging market forecasts. Soybean good-to-excellent rating stood at 65%, below the 68% market expectation and matching prior year levels. Planting progress reached 92%, slightly below the 93% forecast. U.S. corn also underperformed, with good-to-excellent conditions at 67% versus 69% expected, though planting rate hit 97% as anticipated. Emergence rates for both crops improved week-over-week, with soybeans at 79% and corn at 86%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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