MN Farmers Catch Up on Planting

Henrietta Brewer
May 17, 2017

That lost the contract (again) its premium over Chicago, despite it having a higher protein content, which should make it more valuable, and the prospect of further rain for the southern Plains, where hard red winter wheat is grown, and disease pressures are already rising - while crop condition ratings are falling.

USA farmers are already expected to plant record amounts of soybeans, but recent delays to corn planting concerned some traders they might switch even more of their land to the oilseed.

Pasture and range condition was rated at 3 percent poor, 13 percent fair, 59 percent good, and 25 percent excellent. There were 5.1 days suitable for fieldwork. The dry and warm weather also aided crop emergence. Similar to last week, the southwest and south-central crop reporting districts reported the largest percentages of surplus subsoil moisture. Headed was 32 percent, near 31 previous year, and ahead of 22 average.

Hay condition is rated 84% good to excellent.

Grain futures were under pressure on continued pessimism in the commodity sector, with crude-oil prices lower Tuesday. IL growers were 75% finished with seeding, behind the average by 2 points; those in IN were 56% done, behind the average of 62%. On the other extreme, Spencer reported a low of 35 degrees the morning of May 12.

CHS Hedging said that "the 6-10 day forecast shows temperatures moving cooler, with some areas in Colorado moving below freezing". Greatest rain amounts with these midweek storms fell across the southeast one-third of Iowa, where reports of 0.67 to 1.5 inches were common. Precipitation averaged 0.91 inches, 0.06 inches below normal.

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