Wednesday, August 10, 2022

National Spring Wheat Harvest Behind

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Spring wheat was 27{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested as of Sunday compared to a 4-year average of 49{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}.

by Cheri Zagurski, DTN Managing Editor

OMAHA (DTN) — Corn condition improved slightly in the week ended Aug. 24, and soybean condition worsened slightly, according to USDA's latest Crop Progress and Condition reports.

Corn is reported as 73{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} good-to-excellent condition, compared to 72{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week. “USDA's good-to-excellent rating of 73{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} for corn increased the DTN Corn Condition Index from 175 to 178, which is still up comfortably from 142 a year ago and above the five-year average of 121.2,” said DTN Analyst Todd Hultman. “This report should be viewed as bearish for corn as Monday's slightly higher crop rating remains at a high level for this time of year.”

Soybeans are 7{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} poor to very poor, compared to 6{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week. Seventy percent of the crop is rated good to excellent, compared to 71{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} last week. “USDA's good-to-excellent rating of 70{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} resulted in a reduction of the DTN Soybean Condition Index from 175 to 172, but is still far above 131 a year ago and above the five-year average of 126,” Hultman said. “Monday's report should be viewed as neutral to bearish as the slightly lower crop rating remains high for this late in the season.”

Spring wheat is 27{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested and winter wheat is 95{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested. That compares to four-year averages of 49{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 90{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}, respectively. Wheat condition worsened slightly in the past week.

“USDA said 66{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} of the spring wheat crop was rated good to excellent, resulting in a reduction in DTN's Spring Wheat Condition Index from 169 to 166, still up from 161 a year ago and up from the five-year average of 165.

“Monday's report should be viewed as neutral to bullish for wheat as the slightly lower spring wheat crop rating, combined with a slow pace of harvest raises some concerns about this year's crop.”

The nation's rice is 94{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} headed and 11{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} harvested, compared to five-year averages of 89{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} and 17{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48}. Ninety percent of cotton is setting bolls and

19{ba1edae1e6da4446a8482f505d60d3b8e379ff6dedafe596d9ba4611a4e33a48} of the nation's cotton bolls are opening.

To view the full reports from each state, visit http://1.usa.gov/….

 

© Copyright 2014 DTN/The Progressive Farmer. All rights reserved.

Posted with DTN Permission by Haylie Shipp

 

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