The USDA Crop Progress report, released earlier this week, offered the first soybean condition ratings of the season. While it’s early in the growing season, the numbers provide a valuable snapshot of how the crop is currently shaping up across major soybean production states. Only five states failed to surpass a combined good and excellent rating of 60%. Illinois reported 59% of its soybean crop in good or excellent condition, Michigan came in at 54%, North Dakota reported 58%, and both Ohio and South Dakota landed at an even 50%. Nationwide, the soybean crop ratings break down to 1% very poor, 4% poor, 28% fair, 58% good, and 9% excellent. A handful of states currently have double-digit excellent ratings. These states include Iowa (18%), Wisconsin (16%), Tennessee (14%), Mississippi (13%), Nebraska (12%), and Arkansas (12%).
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