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. corn stands at 71%, matching market expectations but slightly down from 72% the previous week and up from 67% year-over-year [1] - The wax maturity rate for U.S. corn during the same week is reported at 72%, an increase from 58% the prior week, and consistent with the 72% recorded in the same week last year, although slightly below the five-year average of 73% [1]