Weekly US Crop Progress Report

Egypt GASC is in for wheat for August shipment

 

Estimated fund activity

  • Wheat sold 6K
  • Corn sold 20K
  • Beans sold 25K
  • Meal sold 8K
  • Bean oil sold 6K

 

Weekly US Crop progress report

 

Corn

  • Condition  75% good to excellent down 1% from a week ago (expecting down 1-2% from a week ago) vs. 67% a year ago
  • Silking 5% vs. 3% a year ago and vs. 9% five year average

 

Beans

  • Condition 72% good to excellent unchanged from a week ago  (expecting down 1-2% from a week ago) vs. 67% a year ago
  • Emerged 94% vs. 90% a week ago and vs. 94% five year average
  • Blooming 10% vs. 3% a year ago and vs. 10% five year average

 

Spring wheat

  • Condition   (expecting down 1% from a week ago)
  • Headed

 

Winter wheat

  • Condition  30% good to excellent unchanged from a week ago and vs. 34% a year ago
  • Harvest 43%  (expecting 45-50% complete) vs. 33% a week ago and vs. 48% five year average

 

Rice

  • Condition 69% good to excellent up 1% from a week ago and vs. 66% a year ago
  • Headed 9% vs. 3% a week ago and vs. 9% five year average

 

Cotton

  • Condition 53% good to excellent unchanged from a week ago and vs. 47% a year ago
  • Squaring 36% vs. 25% a week ago and  vs. 42% five year average
  • Setting bolls  7% vs. 3% a week ago and vs. 10% five year average

 

 

Data sources: Reuters