As expected the weekly USDA Crop Progress Report reduced good/excellent ratings in both corn and soybeans caused by excessive heat and lack of rain. National corn crop ratings are 40% g/e down 8% from last week. Soybeans nationally rated 40% g/e down 5%. Iowa corn conditions over the past week dropped 16% to a rating of 46%. The Iowa Soybean crop dropped 11% from last week to a rating of 48% g/e. North Carolina took the brunt of crop decline boasting a drop in corn ratings of 18% and a soybean reduction of 19%. Trade estimates were projecting a 5-7% decline in both corn and beans. These numbers are friendly corn and neutral beans.