According to the most recent USDA crop progress report, some 56% of corn crops were reported silking as of the week ended July 18, in line with the 55% reported silking in the same week last year. The 5-year average for corn silking in the week was 52%.

Some 8% of corn crops were reported in the dough stage, in line with the percentage of corn crops in the dough stage last year and the 5-year average.

Around 50% of corn crops were reported in "good" condition, with another 15% in "excellent" condition and 26% in "fair condition."

The report stated 63% of soybeans were blooming in the same week, in line with the 62% reported blooming in the same week last year. The 5-year average for soybean blooming in this week was 57%.

Some 23% of soybeans were reportedly setting pods, in line with the 23% reported setting pods in the same week last year. The 5-year average for soybeans setting pods in this week was 21%.

Some 49% of soybean crops were reported in "good" condition, with another 11% in "excellent" condition and 29% in "fair condition."

Click here for the full report.