Latest Crop Progress Report

June 22nd, 2009

Grains and Cotton
The midwestern U.S. is expecting hotter temperatures this week, but after a wet spring, that can be good for corn and beans. December corn fell 14 cents to $4.055.

The USDA said that last week’s export inspections of:
Corn totaled 38.1 million bushels, down 4% from a year ago.
Soybeans totaled 13.4 million bushels, up 15% from a year ago.
Wheat totaled 13.3 million bushels, down 27% from a year ago.
November soybeans closed down 25 cents at $9.81.

After the close, the USDA said that:
70% of the corn crop was rated good to excellent, the same as a week ago.
91% of the soybean crop was planted and 67% of it was rated good to excellent, up from 66% a week ago.
77% of the spring wheat was rated good to excellent, up from 75% a week ago.
20% of the winter wheat was harvested.
44% of the cotton crop was rated good to excellent, down from 45% a week ago.

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