Wheat Harvest Accelerates as Row Crop Conditions Face Early Pressure

The latest USDA report highlights a further decline in winter wheat quality and early-season pressure on row crop conditions, with both corn and soybeans landing at the low end of analyst expectations. While corn emergence and soybean planting maintain a steady pace near historical averages, the winter wheat harvest is off to a fast start in the Southern Plains, significantly ahead of last year's pace.

• Corn conditions held steady at 67% G/E, 2 points below the average trade guess and 4 points below last year.
• Soybean conditions slipped 1 point to 65% G/E, 3 points below the average trade guess and last years ratings at this time.
• Winter wheat G/E ratings fell to 25%, trailing average analyst expectations by 2 points and sitting 29 points below last year.
• Spring wheat conditions improved 5 points to 52% G/E, exceeding the high end of the expected range (est 46-51).

Activate your 30 DAY FREE TRIAL HERE for the complete report delivered to your inbox each week.

Farmer's Business Network, Inc. is an educational entity and is not registered with the CFTC or NFA. Content is for informational purposes only and not investment advice. Trading involves substantial risk. Questions related to brokerage accounts, margin, or execution should be directed to your broker.