USDA Weekly Crop Progress - Corn, Spring Wheat Conditions Decline; First Soy Condition Rating of Year Lowest in Four Years

June 12, 2017

OMAHA (DTN) -- Corn and spring wheat conditions dropped from the previous week, and USDA's first soybean condition rating of the year was below last year's rating at the same time, according to USDA's weekly Crop Progress report released Monday.

 

This week's report showed 94% of U.S. corn was emerged, down from 95% a year ago and even with the five-year average of 94%.

 

Sixty-seven of the corn crop was rated in good-to-excellent to excellent condition, down from 68% the previous week. This resulted in a DTN Corn Condition Index of 159, down 6 points from the previous week. The index is down from 181 a year ago and the lowest in four years. "Monday's report is slightly bullish for corn," said DTN Analyst Todd Hultman.

 

USDA said 92% of U.S. soybeans were planted as of Sunday, June 11, up from 91% a year ago and above the five-year average of 87%. Seventy-seven percent of soybeans were emerged, even with a year ago and up from the five-year average of 73%.

 

In its first soybean condition rating of the year, USDA estimated that 66% of the soybean crop was rated in good-to-excellent condition, resulting in a DTN Soybean Condition Index of 162. The index is down from 177 a year ago and is also the lowest in four years. "Monday's report is slightly bullish for soybeans," Hultman said.

 

Meanwhile, USDA reported that 92% of winter wheat is headed, down from 95% a year ago and up from the five-year average of 91% headed. Seventeen of winter wheat has been harvested, up from 10% a year ago and above the five-year average of 15%.

 

Fifty percent of the winter wheat crop was rated in good-to-excellent condition, resulting in a DTN Winter Wheat Condition Index of 121, down 1 point from a week ago. DTN's index is down from 153 a year ago, but above the four-year average of 77. "Monday's new-crop rating is neutral for winter wheat," Hultman said.

 

USDA estimated that 95% of spring wheat was emerged as of Sunday, down from 99% a year ago, but up from the five-year average of 92%. Forty-five percent of spring wheat was rated good-to-excellent, down 10 percentage points from the previous week's rating of 55%. This resulted in a DTN Spring Wheat Condition Index of 105, down 32 points from a week ago. The index is down from 187 a year ago and is also the lowest in over two decades. "Monday's report is bullish for spring wheat," Hultman said.

 

In other crop reports, cotton was 92% planted, slightly ahead of the five-year average of 90%. Cotton squaring was 15% compared to the average of 12%. Rice was 94% emerged, compared to 97% on average.

 

Sorghum was 71% planted, behind the five-year average of 73%. Barley was 91% emerged, compared to 93% on average. Oats were 44% headed, compared to 48% on average.

 

 

 

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