USDA Weekly Crop Progress - Winter Wheat Conditions Fall Slightly
OMAHA (DTN) -- Winter wheat conditions fell slightly from the previous week, according to USDA's latest Crop Progress report released on Monday.
USDA estimated that 54% of the winter wheat crop was rated good to excellent, down 1 percentage point from 55% the previous week. That resulted in a DTN Winter Wheat Condition Index of 137, down 3 points from the previous week. DTN's index is down from 148 a year ago and is a little below the five-year average of 140, but is close enough to be considered neutral for winter wheat prices, said DTN Analyst Todd Hultman.
Winter wheat progress was running at a near-average pace with USDA estimating 95% of the crop planted as of Sunday, up from 94% a year ago and even with the five-year average of 95% planted. Eighty-four percent of winter wheat was emerged, up from 83% a year ago and up from the five-year average of 83%.
Corn harvest, on the other hand, continued to lag behind the average pace. USDA estimated that 83% of corn was harvested, down from 92% a year ago and also below the five-year average of 91% harvested. Indiana and Ohio, at 80% and 71% harvested respectively, were examples of wet conditions delaying harvest.
"Monday's harvest progress was neutral for corn prices," Hultman said.
Soybean harvest was also slightly behind the average pace at 93% complete, down from 96% a year ago and down from a five-year average of 95% harvested.
"Monday's report was neutral for soybeans," Hultman said.
Sorghum was 83% harvested, behind the five-year average of 87%.
Cotton was 64% harvested nationwide, equal to the average pace.