Weekly US Crop Progress Report And Crush Info

Weekly US Crop Progress report

 

Corn

  • Planted 12% vs. 5% a week ago and vs. 47% 5 year average (expecting 13-20% complete)
  • Emerged 3% vs. 2% a week ago and vs. 15% average

 

Beans

  • Planted 2% complete vs. 22% a year ago and vs. 12% 5 year average (expecting 1-4% complete)

 

Winter Wheat

  • Condition 32% good to excellent vs. 33% a week ago and vs. 12% a year ago
  • Condition 39% poor to very poor vs. 35% a week ago and vs. 63% a year ago
  • Headed 20% vs. 14% a week ago and vs. 39% 5 year average

 

Spring Wheat

  • Planted 23% vs. 12% a week ago and vs. 50% 5 year average
  • Emerged 5% vs. 3% a week ago and vs. 19% average

 

Rice

  • Planted 55% vs. 44% a week ago and vs. 66% 5 year average
  • Emerged 36% vs. 24% a week ago and vs. 47% 5 year average

 

Cotton

  • Planted 17% vs. 14% a week ago and vs. 27% 5 year average

 

 

I forgot to add the Crush quotes to my afternoon letter. See below

 

Crush Quotes



OPEN             CLOSE

MAY      EV-5               EV-5

JLY          49.5-50         49.5-50

AUG       55-56.5        56-57

SEP         72-72.5        70-71.5

OCT        70-71            70-71.5

DEC        64-64.5         63-64

JAN        58.5-60         58.5-60

MCH      60-61             60-61

MAY       59.5-61         60-61

 

 

Crush Players

 

 

Rand sold 60 July crush at 50

 

UBS bought 200 July crush at 49

 

Oil Share

 

ADM sold 138 July oil / 91 meal at 37.88%

 

 

 

 

Thank you,

 

Kate Rosenberg