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Winter Wheat Planting Lags Average
21.09.2010 12:33 "Agro Perspectiva" (Kyiv) —
U.S. winter wheat planting is lagging the average, although only slightly.
Reporting this fall’s winter wheat planting progress for the first time today, the USDA pegged nationwide planting at 18% complete as of Sunday, 4 points behind last year and 3 points behind average.
In the main Hard Red Winter state of Kansas, the crop was 11% planted as of Sunday versus 8% last year and 13% on average. Farther south in Oklahoma, the crop was 13% planted, 3 points back of last year and 7 back of average. In the Soft Red state of Michigan, producers had 8% of the crop in as of Sunday, 1 point ahead of last year and on par with average. The Ohio crop was 2% planted, 1 point ahead of average.
As for the spring wheat harvest, progress remained slow this past week. The harvest advanced just 4 points from a week earlier to move to 87% complete as of Sunday, 5 points ahead of last year but 9 points behind average. Montana continues to be bogged down the worst, with producers there just 64% complete, up from 56% the previous week and well behind last year and average at 87% and 95%. The North Dakota harvest crawled 4 points ahead to 89% complete, ahead of 74% a year ago but 5 points back of average.
December Chicago wheat finished down 7 1/2 cents at US$7.31 ¾. Traders said that early and overnight support came from dry conditions in parts of Western Australia, parts of Argentina and a majority of winter wheat areas in Russia, along with crop damaging frost in Canada and a lower dollar. Selling early in the day session was tied to improved moisture levels in some winter wheat growing areas of the Plains as well as profit taking and technical selling as wheat lagged the gains in corn and soybeans into the day session.
This week’s export inspections for wheat were 29.9 million bu, down from 32.3 million last week. Cumulative inspections stand at 26.1% of the USDA’s projected exports for 2010/11 versus a 5-year average of 32.2%. Inspections need to average 25.1 million bu each week to reach the USDA’s projection.
December Kansas City fell 10 3/4 cents to $7.57 1/2 and December Minneapolis lost 6 1/4 cents to $7.67.
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