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Crop Progress Snapshot Corn: 14% planted, up 6% from last week.  3% ahead of the 5-year average.  3% of the crop is emerged. Soybeans: 9% planted, up 5% from last week.  5% ahead of the 5-year average. Spring Wheat:  5% planted, up 2% from last week.  7% behind the 5-year average. Winter Wheat:  26% Good/Excellent, a drop of 1% from last week.  41% of the crop has a Poor/Very Poor rating.  This is the worst reported crop conditions since 1989. Cool Weather  Cooler temperatures across the Midwest for the next two-weeks could slow seeding and emergence.

Export Sales Cancellations Yesterday morning, private exporters reporting a cancellation of 327,000 metric tons (about 12.9 million bushels) of corn to China for the 2022/2023 marketing year.

Corn Seasonal Trend in Play The next corn seasonal starts on April 30th and is for the September contract

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Soybeans  Seasonal Trend in Play July soybeans have trended higher from March 19th-April 30th for 13 of the last 15 years.

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Wheat Seasonal Trend in Play None

 

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Grains Soybeans Corn Wheat

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