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Winter wheat harvest passes halfway mark

Winter wheat harvest passes halfway mark

Arkansas producers lead the country

By Diego Flammini
Staff Writer
Farms.com

American farmers have completed over half of their 2018 winter wheat harvest.

Producers have harvested about 51 percent of the national winter wheat crop, the USDA’s July 3 Weekly Weather and Crop Bulletin report says. That figure represents a 10 percent increase from last week.

On the state level, growers in Arkansas have finished their winter wheat harvest. Farmers in Oklahoma follow closely behind, having combined 98 percent of their crop.

Producers in Oregon have harvested about 2 percent of their crop, the USDA says. Another five states (Idaho, Mississippi, Montana, South Dakota and Washington) have yet to begin harvest.

The USDA ranked 28 percent of the national winter wheat crop as good.

Soybeans

U.S. soybean acres continue to bloom across the country.

Around 27 percent of the national soybean crop has flowered, the USDA says. That number is up from 12 percent last week.

Soybeans in Louisiana are 82 percent bloomed, which is the highest percentage among the 18 states documented.

The crop in South Dakota is 7 percent flowered. That represents the lowest progress in the U.S.

The USDA ranked 55 percent of the 2018 American soybean crop as good.

Corn

The nation’s corn crop continues to silk.

About 17 percent of the crop has silked, the USDA says. That figure represents a 12 percent increase from last week.

Corn in North Carolina is 68 percent silked. That percentage is the highest among the 18 documented states.

The crops in Wisconsin, Pennsylvania and Minnesota are only 1 percent silked, and corn in the Dakotas and Colorado has yet to silk.

The USDA ranked 55 percent of the corn crop as good.

Suitable fieldwork days

Eight states recorded seven suitable fieldwork days for the week ending July 1.

Those states were Oregon, Nevada, California, Utah, Arizona, Maryland, Delaware and New Jersey.

During that week, the states with the fewest suitable fieldwork days were:

Iowa – 3.2

Kentucky – 3.3

Tennessee and Minnesota – 3.8

Weekly precipitation levels

State

Precipitation (inches)

Weather Station

Illinois

2.20

Rockford

Indiana

0.69

South Bend

Iowa

5.29

Des Moines

Kentucky            

2.59

Louisville

Michigan

0.62

Muskegon

Missouri

2.48

Springfield

New York

2.12

Binghamton

Pennsylvania

1.25

Allentown

Tennessee

3.48

Knoxville


The next Weekly Weather and Crop Bulletin will be released July 10.


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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.