Crop Condition Regresses Slightly, Prices Remain Compressed

The June 29, 2026 USDA Crop Progress report show corn condition in the good to excellent (G/EX) category was -1% vs. last week (-6% year-over-year). Similarly, soybeans were also -1% compared to last week and -1% year-over-year. Both corn and soybeans are just shy of consensus, Baird analyst Mig Dobre said in a note to investors.