Markets Extra

US spring wheat sowings progress for major growing states, May 24

Markets Extra26 May 2020by Markets Extra

Agrimoney shows US spring wheat plantings progress data for the week to May 24.

Investors had expected a 77% reading, according to a Reuters poll.

The previous week’s data are available by clicking here.

US spring wheat plantings progress, May 24
	Plantings completed	Change on week	Change on year	Difference from 5-year average
Idaho	98%	+2	+6	+4
Minnesota	86%	+16	+2	-8
Montana	92%	+17	+13	+5
North Dakota	70%	+29	-7	-18
South Dakota	97%	+6	+21	+3
Washington	99%	+1	+6	+2
National reading	81%	+21	+1	-9
Sources: USDA, Agrimoney. All data in percentage points except plantings completed readings, given in percentages

US Wheat

ANALYSIS: Are China's wheat imports about to get the corn treatment?

Competitive pricing is driving Chinese livestock feeders to use more grain in their rations. That could see wheat imports far exceed current forecasts

Cotton, wheat futures gain as USDA stocks downgrades top forecasts

A cut in the Wasde to the forecast for world wheat stocks proves a particular "surprise". But exuberance is capped by downbeat soybean data revisions

Key data in April 9 Wasde, and how they compared with market forecasts

Details of key statistics in the USDA’s Wasde report, which sent corn, cotton and wheat prices higher, but undermined soybean futures

Rapeseed worries mount, as Ukraine looks at lower exports

US officials forecast a drop in Ukraine rapeseed exports, just as weather is testing crops in top producers Canada and the EU. In Australia, however...