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Commodities

USDA Cuts Corn Crop Condition Ratings Amid Dry Weather Worries

Guavy AI Editorial Team
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Corn
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Corn futures rose on Monday as the US Department of Agriculture (USDA) lowered crop condition ratings. The USDA's Crop Progress report showed that corn condition ratings fell to 68% good or excellent, down from 70% last week.

The decrease in crop condition ratings was largely due to dry weather conditions affecting parts of the Midwest and Great Plains regions. This has raised concerns among farmers and traders about the potential impact on yields and prices.

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