5/8/17

Crop Progress Analysis

CROP PROGRESS
•    Winter wheat rated 53% g/e, 32% fair, 15% p/vp
•    Winter wheat 50% headed vs. 46% average

•    Spring wheat 54% planted vs. 60% average
•    Spring wheat 21% emerged vs. 29% average

•    Corn planting progress 47% vs. 52% average
•    Corn emerged 15% vs. 19% average

•    Soybean planting 14% vs. 17% average

MARKET HIGHLIGHTS
•    Corn planting further along than the average trade guess of 44%
•    Illinois at 65% vs. 65% last week and the 5-year average of 63%
•    Indiana at 51% vs. 45% last week and the 5-year average of 43%
•    Winter wheat ratings lower, but still no major drop in ratings following snow/cool weather.
•    Soybean planting behind average following the wet weather.

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