Crop Progress/Production June 1, 2020
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Started by metmike - June 1, 2020, 11:50 p.m.

@kannbwx

Reuters poll for U.S. Crop Progress. First condition ratings for #soybeans will be issued, analysts see those as 68% good/excellent. Spring #wheat ratings will also be out, trade sees those at 66%. #Corn conditions seen up 1 pt.

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By metmike - June 1, 2020, 11:52 p.m.
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By metmike - June 2, 2020, 1:49 p.m.
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@kannbwx


U.S. #corn 74% good/excellent (70% last week)

#Soybeans 70% good/excellent 

Spring #wheat 80% good/excellent (74% last year) Soybeans are 75% planted, slightly below the 2014-2018 average.

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By metmike - June 2, 2020, 1:55 p.m.
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@kannbwx

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Some "did-you-know" on this Tuesday  Comparing Mato Grosso, #Brazil w/ Illinois + Iowa (top 2 U.S. states for #soybeans)

Both cracked 1 bln bu for the 1st time in 2014/15Both account for ~28% of natl outputMT high: 35 mmt (19/20)IL+IA high: 33 mmt (18/19)Image

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Mato Grosso is about 3x the size of Illinois+Iowa.  

Mato Grosso planted about 10 mln ha of #soybeans in 2019/20 (about 11% of its land area).

 Illinois+Iowa planted 20.75 mln acres of soy in 2018/19 (about 28% of its land area).

sale of 132,000 tonnes of U.S. #soybeans to #China for delivery in 2020/21.