The USDA crop condition ratings coming out now are essentially a beauty contest, says Greg Wagner, president of GWX – Ag Advisors. "There’s no correlation between what a good or excellent rating for corn and final yield."

 

He says as the season progresses, the ratings do have linkages. "The tricky thing is that the market will trade those numbers throughout the season." (See this week's USDA's crop condition ratings.)

 

Listen in as he discusses the topic with AgDay’s Al Pell: