Agriculture & livestock
What is the CME Crop Progress report and how do weekly crop rating updates alter Monday evening trading sentiment?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
The USDA Crop Progress report, released weekly during the growing season, rates crop conditions (poor to excellent) and planting/harvest progress, with Monday afternoon releases often driving Monday evening futures sentiment shifts.
How it works
Traders compare current ratings against prior weeks and historical averages; deteriorating crop condition percentages typically support prices, while improving conditions pressure prices lower.
An example
A surprise drop in corn crop rated 'good to excellent' from 65% to 55% can trigger a bullish reaction in ZC futures during the Sunday evening electronic session.
Risk & limitations
Weekly ratings are subjective state-level surveys and can be revised; a single week's data shouldn't be extrapolated into long-term yield conclusions.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.