USDA – Compared to two weeks ago, trade activity light on moderate demand for feed grade corn and soybeans. Trade inactive on all other organic grains.
Old crop bid prices continue upward on feed corn and soybeans, but sellers are showing resistance at those offers. Demand good on feed grade wheat with buyers struggling to locate supplies of any volume. Substantially lower than normal volumes on organic imports are increasing demand for domestic grains.
USDA NASS crop progress percentages for the week ending June 17, 2018:
- Corn emerged 98 per cent;
- Soybeans planted 97 per cent, emerged 90 per cent;
- Sorghum planted 89 per cent, headed 18 per cent;
- Winter wheat headed 95 per cent, harvested 27 per cent;
- Spring wheat emerged 97 per cent, headed 9 per cent;
- Barley emerged 96 per cent, headed 8 per cent;
- Oats headed 52 per cent
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars