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Soybeans almost finished setting pods

Soybeans almost finished setting pods

Louisiana is only state to report complete podding

By Diego Flammini
Staff Writer
Farms.com

The 2018 U.S. soybean crop has nearly completed the podding stage.

About 91 percent of American soybean acres have podded, the USDA’s Weekly Weather and Crop Bulletin report says. That number is up from 84 percent last week.

Only soybeans in Louisiana are completely podded, while crops in 10 other states are more than 90 percent podded.

Soybeans in North Carolina are 65 percent podded, which the lowest progress among the 18 primary production states.

The USDA ranked 65 percent of the total soybean crop as good to excellent.

Corn

The U.S. corn crop is reaching the halfway point of the dented stage.

About 44 percent of American corn acres are in this stage, the USDA says. That number is up from 26 percent last week.

On a state level, corn in Texas is the furthest along at 82 percent dented.

Corn in Colorado is only eight percent dented, which is the lowest among the 18 primary corn states.

The USDA ranked 68 percent of the total corn crop as good to excellent.

Wheat

U.S. farmers are almost finished with their winter wheat harvests.

Growers have combined about 97 percent of the winter wheat crop, the USDA says. That figure is up from 94 percent last week.

American producers have finished winter wheat harvest in a majority of the 18 primary production states.

Winter wheat in Washington is only 84 percent harvested, which is the lowest progress in the nation.

U.S. growers also continue to harvest their spring wheat acres.

About 60 percent of the 2018 spring wheat harvest is complete, the USDA says. That represents a 25 percent increase from last week.

Growers in South Dakota have combined 91 percent of their spring wheat, which is the highest among the six primary spring wheat states.

Farmers in Montana have completed 45 percent of their spring wheat harvest, which is the lowest of the six documented states.

The USDA ranked 74 percent of the spring wheat crop as good to excellent.

Suitable fieldwork days

Farmers in California, Nevada, Oregon and Utah experienced seven suitable fieldwork days for the week ending Aug. 19.

The states with the fewest suitable fieldwork days during the same week were New York (2.5), Connecticut (3) and Pennsylvania (3.5).

Weekly precipitation levels

State

Precipitation (inches)

Weather Station

Illinois

1.35

Springfield

Indiana

2.35

Fort Wayne

Iowa

2.14

Dubuque

Kentucky

3.99

Louisville

Michigan

0.81

Lansing

Missouri

1.16

Springfield

New York

4.25

Binghamton

Pennsylvania

6.64

Wilkes-Barre

Tennessee

2.05

Nashville

The next Weekly Weather and Crop Bulletin will be released Aug. 28.


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.