Winter wheat was in its poorest condition in 18 years, said AgriMoney, “fueling concerns that rains slated for this week may come too late to foster a recovery in yield potential.”
Based on May 1 conditions, USDA forecast a winter wheat crop of 1.4 billion bushels, smallest in eight years. Winter wheat accounts for three-fourths of the U.S. wheat crop.
Farmers planted 14 percent, or 12.8 million acres, of the corn crop last week despite chilly and rainy weather, pushing the U.S. total to 73 percent complete, said USDA. The five-year average is 76 percent planted by May 18. One-third of the soybean crop was planted, up 13 points in a week and near the average of 38 percent. Field work is behind normal in the upper Midwest. Corn and soybean emergence is behind normal.