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MARKET COMMENTARY

Morning Comments April 30, 2019

Tuesday, April 30, 2019, 1:04 PM
Submitted by: Landus Cooperative


Opening Calls:

Corn      Steady to 1 higher

Beans    1 to 2 higher

Wheat   3-4 lower

Oats       5-6 lower

 

The 7 to 10 day forecast is calling for cool wet weather throughout the Midwest, which should add some support to the corn and bean markets.

Iowa was catching up to the 5 year planting progress, but Illinois and Minnesota are way behind on getting corn planted.

Winter wheat ratings moved to 64% in the good to excellent category, up 8 % from last week,  highest rating since 2010.

 

CROP

STAGE  /  CONDITION

THIS WEEK

LAST WEEK

LAST YEAR

5 YEAR AVG

CORN

PCT PLANTED

15

6

15

27

CORN

PCT EMERGED

3

 

3

5

SORGHUM

PCT PLANTED

20

17

26

25

SOYBEANS

PCT PLANTED

3

1

5

6

WHEAT, SPRING, (EXCL DURUM)

PCT PLANTED

13

5

9

33

WINTER WHEAT

PCT HEADED

19

9

18

29

COTTON

PCT PLANTED

11

9

12

13

WINTER WHEAT

CONDITIONS GOOD + EXCELLENT

64

62

33

44

 

 

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