Farms.com Home   News

USDA Crop Progress Report Released.

The USDA released the weekly Crop Progress Report.

Highlights

A rainy week across the Midwest slowed down soybean planting last week and lowered the condition ratings for beans and corn.

As of Sunday, 90% of U.S. soybeans are planted, only up 3% on the week and slower than average, with 84% of the crop emerged, also behind the normal pace. 65% of U.S. soybeans are rated good to excellent, 2% below a week ago.

71% of the U.S. corn crop is called good to excellent, 2% below last week.

That rainfall also slowed down the winter wheat harvest. 19% is harvested, with a number of states yet to really get started, compared to the five year average of 31%. 41% of the crop is in good to excellent condition, a 2% week to week decline.

23% of spring wheat has headed, compared to 15% on average, and 71% of the crop is in good to excellent shape, up 1%.

65% of U.S. pastures and rangelands are in good condition, 1% below a week ago, but 10% more than a year ago at this time.

For the full report visit

http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-06-22-2015.pdf

 

 

 


Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.