date:Jun 25, 2014
ndition ratings for the crops due toheavy rains, as many traders had expected.
The Agriculture Department, in a weekly report, rated 74 percent of U.S.corn as good or excellent, down 2 percentage points and in line with analysts'estimates. The agency rated 72 percent of U.S. soy crop as good or excellent,down 1 percentage point and above analysts' expectations.
Wet weekend weather set the stage for Monday's decline in corn futures asanalysts said crops should ultimately benefit from the moist