The U.S. Department of Agriculture’s weekly crop progress report showed on Monday 50 per cent of U.S. spring wheat and 52 per cent of winter wheat in good to excellent condition, exceeding analyst expectations.
1.
Recent rains helping crops
Dryness lends support to wheat prices
Most spring wheat in the ground
Moisture levels still strong despite declines
Planting, growing progress pressuring prices
Trading volumes a fraction of Minneapolis spring wheat
StatCan releases grain stocks as of March 31 report
Most fields still have good soil moisture
Demand for U.S. corn, planted acres could change