Tuesday, 1 July 2014

USDA crop report highlights

Highlights might be pushing it a bit but here are some headlines from Mondays USDA crop report.

Stocks
Corn up 39% from 2013; soybean down 7%; wheat down 18%

Planted Acreage
Corn down 4% from 2013; soybean up 11%; wheat up less than 1%

Crop progress
Corn;
silking 5% by June 29 (4 year average 9%)
condition - 1% very poor; 4% poor; 20% fair; 55% good; 20% excellent

Soybeans;
emerged - 94% emerged by 29 June (4 year average 94%)
condition - 1% very poor; 4% poor; 23% fair; 57% good; 15% excellent

Sunflower;
planted - 91% by June 29 (4 year average 93%)

Rice;
headed - 9% by June 29 (4 year average 9%)
condition - 0% very poor; 5% poor; 26% fair; 50% good; 19% excellent

Winter wheat;
harvested - 43% by June 29 (4 year average 48%)
condition - 22% very poor; 22% poor; 26% fair; 25% good; 5% excellent

Spring wheat;
headed - 26% by June 29 (4 year average 29%)
condition - 1% very poor; 4% poor; 25% fair; 59% good; 11% excellent

Barley;
headed - 31% by June 29 (4 year average 25%)
condition - 0% very poor; 3% poor; 29% fair; 56% good; 12% excellent