Markets Extra

US winter wheat condition ratings, June 23

Markets Extra24 Jun 2019by Markets Extra

Agrimoney shows weekly USDA winter wheat condition ratings as of last Sunday.

Last week’s readings are available here.

US winter wheat condition, June 23
	Rating	Change on week
Arkansas	45%	0
California	90%	-5
Colorado	80%	+1
Idaho	64%	-6
Illinois	27%	-6
Indiana	48%	-4
Kansas	56%	-2
Michigan	38%	-6
Missouri	33%	+3
Montana	71%	-8
Nebraska	70%	-1
North Carolina	50%	+5
Ohio	28%	-2
Oklahoma	61%	-8
Oregon	68%	+7
South Dakota	67%	+3
Texas	59%	-4
Washington	77%	+7
National rating	61%	-3
Ratings show precentage of crop rated "good" or "excellent". Change on week in percentage points

Investors expected a 63% condition figure, according to a Reuters poll.

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...