According to the USDA, the current corn crop identified to be in good or excellent condition declined from the previous week, finishing slightly below analyst expectations. The current soybean crop identified to be in good or excellent condition remained unchanged from the previous week, however, finishing slightly above analyst expectations. Corn: Corn silking as of the week ending Jul 5^th was 10% completed, finishing ahead of last year’s pace of seven percent completed but below the five year average pace of 16% completed. 71% of the current corn crop was identified to be in good or excellent condition as of the week ending Jul 5^th, down two percent from the previous week. The current corn crop identified to be in good or excellent condition finished slightly below analyst expectations of 72%. Six percent of the current corn crop was identified as very poor or poor, up one percent from the previous week. Soybeans: Soybean blooming as of the week ending Jul 5^th was 31% completed, finishing ahead of last year’s pace of eight percent completed and the five year average pace of 24% completed. 71% of the current soybean crop was identified to be in good or excellent condition as of the week ending Jul 5^th, unchanged from the previous week but up one percent within the excellent category. The current soybean crop identified to be in good or excellent condition was slightly above analyst expectations of 70%. Five percent of the current soybean crop was identified as very poor or poor, unchanged from the previous week.