Core Insights - The latest USDA weekly crop progress report indicates that as of the week ending August 31, the good-to-excellent rating for U.S. soybeans is at 65%, below market expectations of 68% and down from 69% the previous week, while matching the same period last year at 65% [1] - As of the same week, the soybean blooming rate in the U.S. is reported at 94%, an increase from 89% the previous week and slightly above the 93% recorded in the same week last year, aligning with the five-year average of 94% [1]

Core Insights - The latest USDA weekly crop progress report indicates that as of the week ending August 17, 2025, the good-to-excellent rating for U.S. soybeans stands at 68%, slightly above market expectations of 67% and unchanged from the previous week and the same period last year [1] - The soybean blooming rate for the week is reported at 82%, significantly higher than the previous week's rate of 71% and also above the 80% rate from the same week last year, matching the five-year average of 82% [1]