CHICAGO, April 27 (Reuters) – The U.S. Department of Agriculture’s weekly crop progress report should rate 29% of the U.S. winter wheat crop in good-to-excellent condition, according to the average estimate of 11 analysts on Monday, down 1 percentage point from last week and the lowest for this time of year since 2023.
• Trade estimates of wheat ratings for the week ended April 26 ranged from 26% to 32% good-to-excellent.
• Last week, the USDA rated 30% of U.S. winter wheat in good-to-excellent condition, the lowest for the 16th week of the calendar year since 2023, amid a sustained drought.
• Approximately 70% of the U.S. winter wheat crop is in an area experiencing drought, the government said last week.
• For corn, analysts on average expected the USDA to report U.S. planting progress as 23% complete by April 26, up from 11% a week earlier. Estimates ranged from 18% to 33% complete.
• For soybeans, analysts projected planting as 22% complete, up from 12% previously.
• Spring wheat planting progress was seen as 24% complete, up from 12% a week ago.
• The USDA is scheduled to publish its report at 3 p.m. CDT (2000 GMT).
All figures in percent:
Category Analyst Analyst USDA
average range last
week
Corn planted (percent) 23 18-33 11
Soybeans planted (percent) 22 17-26 12
Spring wheat planted (percent) 24 20-31 12
Winter wheat conditions* 29 26-32 30
*Percent good/excellent
(Reporting by Julie Ingwersen; Editing by Diti Pujara)
Comments