Evening Report (VIP) -- April 15, 2013

April 15, 2013 10:17 AM
 

 

WINTER WHEAT CONDITION LITTLE CHANGED... USDA reports the condition of the winter wheat crop declined marginally from last week, with the only change coming from a one-percentage-point shift from "fair" to "poor." Crop impacts from last week's freeze event won't be fully known for at least another week.

Winter Wheat

very poor

poor

fair

good

excellent

This week

12

19

33

31

5

Last week

12

18

34

31

5

Year-ago

4

7

25

50

14

 

USDA reports 4% of the winter wheat crop is headed, which compares to 28% last year and 12% on average. Kansas has none headed (4% on average); Oklahoma is at 1% (24% on average); and Texas is 21% headed (28% on average). None of the Illinois, Indiana or Ohio winter wheat has begun to head.

 

 

CORN PLANTING 2% COMPLETE... USDA reports as of Sunday, just 2% of the nation's corn crop was planted, which compares to 16% last year and 7% on average. Illinois reports only 1% of the crop is in the ground (12% on average), while seed remains in the bag in Indiana and Iowa (typically 12% and 3%, respectively, on average). Soil temps remain too cold in the heart of the Corn Belt to begin planting (see story below).

 

 

SPRING WHEAT PLANTING 6% COMPLETE... USDA reports 6% of the spring wheat crop has been planted, which compares to 33% last year and 13% on average. Washington leads the way with 50% planted (43% on average), followed by Idaho with 48% planted (29% on average). But just 6% of the crop has been planted in South Dakota and Montana, which is well below 26% and 10%, respectively, on average. Planting has not yet begun in North Dakota and Minnesota.

 

 

NWS 6-10 DAY FORECAST DOESN'T BODE WELL FOR QUICK START TO PLANTING... The National Weather Service forecast for April 21-25 calls for below-normal temps from the Dakotas and eastern Nebraska eastward to Atlantic Ocean, while above-normal temps are expected west of the Rocky Mountains. Normal precip is expected across Iowa, Illinois, Indiana and Ohio, with below-normal precip expected in Nebraska and northwest Kansas. Above-normal precip is forecast for most of Minnesota, Wisconsin and Michigan during the period. Click here to view forecast maps.

 

 

SOILS WARMING TOO SLOWLY FOR PLANTING TO BEGIN IN HEART OF CORN BELT... Meteorologist Gail Martell of MartellCropProjections.com says soil temps have warmed 7 degrees since April 1, but are still more than ten degrees below the threshold needed for seed germination across the heart of the Corn Belt. Additionally, she says pronounced cold conditions are also causing planting delays in Canada and northeast China. And another hard freeze is possible Thursday morning in the U.S. HRW Wheat Belt. The colder-than-usual weather is the result of an active and cold phase of the Arctic Oscillation. Click here for related maps.

 

 

SOYBEAN CRUSH UP MODESTLY IN MARCH... The National Oilseed Processors Association (NOPA) reports soybean crush improved by 758,000 bu. from the previous month to 137.08 million bu. in March -- a modest 0.6% increase. Soyoil stocks declined by 25 million lbs. to 2.765 billion pounds. Traders expected the crush pace to be 140 million bu., but soyoil stocks came in tighter than traders' expectations of 2.822 billion pounds.

 

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