U.S. Winter Wheat Seen Rated 53% Good to Excellent

The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.

wheat_april.jpg
wheat_april.jpg

CHICAGO, April 5 (Reuters) - The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.

Dry conditions in some key growing areas of the U.S. Plains pressured the wheat crop during the past few months, analysts said.

USDA will release its first crop progress and conditions report of 2021 at 3 p.m. CDT (2000 GMT) on Monday afternoon.

Before the crop went into dormancy, USDA had rated winter wheat as 46% good to excellent. A year ago, the winter wheat crop was rated 62% good to excellent.

Trade estimates for good-to-excellent ratings for wheat ranged from 43% to 57%.

Analysts also were expecting that corn planting was 3% complete and spring wheat planting was 2% complete.

USDA said it had polled farmers about planting but would not publish the data unless enough progress had been made in the fields. In 2020, the government’s first report on corn and spring wheat planting was released on April 13. (Reporting by Mark Weinraub; Editing by Dan Grebler)

AgWeb-Logo crop
Related Stories
Mike Castle with StoneX, says the risk off selling was tied to profit taking in the grain markets ahead of the September WASDE on Friday.
Mark Schultz with Northstar Commodity says wheat was adding geopolitical premium on Tuesday as peace talks failed over the weekend but the grain complex was also positioning ahead of the USDA reports.
Brad Kooima with Kooima Kooima Varilek says the presidential executive orders will not have any immediate impact on the cattle industry or the market.
Read Next
“I’ve spent less than 35% of normal chemical costs so far this year,” Orin Romine says. “It’s not complicated. On my operation, the math works.”
Get News Daily
Get Market Alerts
Get News & Markets App