USDA Crop Progress Report
Crop conditions continue to worsen. Scattered rains have hit some areas. Certain areas in Missouri have not had rain since before Memorial Day.
GSH
Corn Condition - Selected States: Week Ending July 22, 2012
[National crop conditions for selected States are weighted based on 2011
planted acreage]
----------------------------------------------------------------------------
State : Very poor : Poor : Fair : Good : Excellent
----------------------------------------------------------------------------
: percent
:
Colorado .......: 21 23 26 27 3
Illinois .......: 36 30 27 7 -
Indiana ........: 38 33 22 6 1
Iowa ...........: 14 26 37 21 2
Kansas .........: 28 31 29 11 1
Kentucky .......: 43 34 17 5 1
Michigan .......: 27 24 26 21 2
Minnesota ......: 3 8 28 53 8
Missouri .......: 48 31 16 4 1
Nebraska .......: 14 19 30 32 5
North Carolina .: 2 13 32 39 14
North Dakota ...: 2 9 31 54 4
Ohio ...........: 21 31 33 14 1
Pennsylvania ...: 4 10 33 40 13
South Dakota ...: 13 22 34 29 2
Tennessee ......: 25 30 27 17 1
Texas ..........: 4 7 38 40 11
Wisconsin ......: 19 24 26 24 7
:
18 States ......: 21 24 29 23 3
:
Previous week ..: 16 22 31 27 4
Previous year ..: 5 9 24 46 16
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Soybean Condition - Selected States: Week Ending July 22, 2012
[National crop conditions for selected States are weighted based on 2011
planted acreage]
----------------------------------------------------------------------------
State : Very poor : Poor : Fair : Good : Excellent
----------------------------------------------------------------------------
: percent
:
Arkansas .......: 4 17 31 40 8
Illinois .......: 24 25 38 12 1
Indiana ........: 23 30 35 11 1
Iowa ...........: 10 20 42 25 3
Kansas .........: 20 31 35 14 -
Kentucky .......: 23 33 28 14 2
Louisiana ......: - 6 30 53 11
Michigan .......: 13 27 31 27 2
Minnesota ......: 3 9 28 54 6
Mississippi ....: 3 4 22 50 21
Missouri .......: 31 37 24 7 1
Nebraska .......: 10 22 40 26 2
North Carolina .: 1 8 33 50 8
North Dakota ...: 1 8 32 53 6
Ohio ...........: 14 30 36 19 1
South Dakota ...: 4 20 42 31 3
Tennessee ......: 6 15 40 37 2
Wisconsin ......: 12 21 32 26 9
:
18 States ......: 13 22 34 27 4
:
Previous week ..: 10 20 36 30 4
Previous year ..: 3 8 27 49 13
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Showing posts with label USDA. Show all posts
Showing posts with label USDA. Show all posts
Monday, July 23, 2012
Monday, July 16, 2012
Crop Progress as of 7.15.12
Information gathered from
http://www.usda.gov/oce/weather/pubs/Daily/TODAYSWX.pdf
http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1048
Agricultural Weather Highlights – Monday - July 16, 2012
In the West, scattered monsoon showers stretch from the Arizona-New Mexico border northward into the Intermountain region. In addition, much cooler weather prevails in the wake of last week’s heat wave.
On the Plains, another crop- and pasture-withering heat wave is underway. Sunday’s high temperatures
generally ranged from 95 to 110°F, except for somewhat cooler conditions on the northern High Plains, and
similar readings can be expected again today.
In the Corn Belt, weekend showers provided only limited and localized relief from the worst drought since
1988. Today’s temperatures will again peak near 95°F in many sections of the Midwest, with a few readings
near 100°F possible in the western Corn Belt.
In the South, summer crops and pastures continue to benefit from recent soil moisture improvements, despite a return to very warm, mostly dry weather. Last week’s rainfall totaled 4 inches or more in many locations from the western Gulf Coast region into the southern Appalachians.
Outlook: Heat has returned to the Plains and Midwest and will persist for much of the week. Triple-digit (100-degree) heat will continue indefinitely on the central Plains and occasionally spread to the northern and southern Plains and the western Corn Belt. Later in the week, portions of the eastern Corn Belt may experience temporary relief from highs above 90°F. Showers and thunderstorms will accompany the eastern Corn Belt’s transition to slightly cooler weather, although rainfall amounts will be mostly less than an inch. Like last week, more substantial
rainfall will occur mostly south of the Ohio River, where 1- to 3-inch totals can be expected across the Southeast. Elsewhere, mostly dry weather on the central and southern Plains will contrast with scattered showers in the Four Corners region and across the nation’s northern tier. The NWS 6- to 10-day outlook for July 21-25 calls for hotter than- normal weather nationwide, except along the Pacific Coast. Meanwhile, drier-than-normal conditions across
the vast majority of the U.S. will contrast with pockets of above-normal rainfall in the central and southern
Corn Condition - Selected States: Week Ending July 15, 2012
[National crop conditions for selected States are weighted based on 2011
planted acreage]
----------------------------------------------------------------------------
State : Very poor : Poor : Fair : Good : Excellent
----------------------------------------------------------------------------
: percent
:
Colorado .......: 17 21 29 29 4
Illinois .......: 26 30 33 10 1
Indiana ........: 37 34 21 7 1
Iowa ...........: 8 19 37 32 4
Kansas .........: 21 30 34 14 1
Kentucky .......: 38 39 17 5 1
Michigan .......: 27 29 26 16 2
Minnesota ......: 2 7 24 56 11
Missouri .......: 38 34 21 6 1
Nebraska .......: 9 18 30 39 4
North Carolina .: 3 14 27 43 13
North Dakota ...: 1 8 29 56 6
Ohio ...........: 19 28 34 18 1
Pennsylvania ...: 5 11 45 30 9
South Dakota ...: 7 20 36 33 4
Tennessee ......: 25 30 27 17 1
Texas ..........: 5 6 33 42 14
Wisconsin ......: 19 24 27 25 5
:
18 States ......: 16 22 31 27 4
:
Previous week ..: 12 18 30 34 6
Previous year ..: 4 7 23 50 16
Soybean Condition - Selected States: Week Ending July 15, 2012
[National crop conditions for selected States are weighted based on 2011
planted acreage]
----------------------------------------------------------------------------
State : Very poor : Poor : Fair : Good : Excellent
----------------------------------------------------------------------------
: percent
:
Arkansas .......: 3 16 34 39 8
Illinois .......: 16 25 42 16 1
Indiana ........: 25 32 32 10 1
Iowa ...........: 5 15 42 34 4
Kansas .........: 14 27 39 19 1
Kentucky .......: 21 31 32 15 1
Louisiana ......: 1 7 31 51 10
Michigan .......: 16 34 28 21 1
Minnesota ......: 1 8 26 57 8
Mississippi ....: 2 5 20 50 23
Missouri .......: 25 34 31 9 1
Nebraska .......: 7 16 43 33 1
North Carolina .: 1 5 33 55 6
North Dakota ...: - 6 32 56 6
Ohio ...........: 14 28 36 20 2
South Dakota ...: 3 17 39 37 4
Tennessee ......: 10 17 39 32 2
Wisconsin ......: 16 23 31 25 5
:
18 States ......: 10 20 36 30 4
:
Previous week ..: 9 18 33 35 5
Previous year ..: 3 7 26 51 13
Monday, April 25, 2011
Market Report for 4.25.11
Economic Data
New Home Sales
New Home Sales - Level - | Prev 250 K | Rev 270 K | Est 280 K | Range 270 K to 300 K | Act 300 K |
The median price did post an increase from last month’s 8-year low. The distressed sales of existing homes continues to weigh on the new home sector.
Grains+1.63%
RR+3.47% C+3.42% W+3.31% O+2.12% S+0.65% SM+0.64% BO-0.10% RS-0.45%
Technical Note: May Rough Rice breaks above it's 50d MA for the 1st time since late February. The market is attempting to fill in a price gap left on daily charts.
The USDA crop progress reports shows that rice plantings are 32% below last year and 13% below its 4 year average.
Weather concerns rallied the grain complex. (April is on track to be the wettest on record for Illinois , Indiana and Ohio while dry weather is stressing crops in the southern Great Plains , China and parts of Europe .)
The USDA Crop Progress reports shows plantings are behind schedule and crop conditions are blow normal.
Metals+0.22%
SI+2.88% GC+0.45% PL+0.37% PA-0.55% HG-2.26%
Financials+0.20%
ZB+0.39% ZN+0.27% ZF+0.22% ZU+0.06% ED-0.01%
Energies+0.11%
ZK+1.51% RB+0.36% CL-0.07% HO-0.60% NG-0.86%
Indices+0.05% CRB -0.15% VIX -2.51%
NQ+0.17% EW+0.14% ES+0.02% RJ-0.05% YM-0.11%
Currencies-0.06%
SF+0.29% EC+0.08% JY+0.07% USD unch MP-0.06% AD-0.22% CD-0.25% BP-0.28%
Softs-0.30%
LB+0.82% CT+0.76% CC-0.06% OJ-0.53% KC-1.17% SB-1.61%
Monday, April 11, 2011
Market Wrap for 04.11.11
Economic Data
Trade Deficit = -1.02bil $US
Exports +26.5% Imports +32.6%
Trade w/ other partners
EU (China
US +25% to 97.65bil $US
Increased prices of imported commodities like iron ores and grains were partially to blame
IMF World Economic Outlook
Market Movements
Softs +0.28%
OJ +1.77% CC+1.68%SB+1.48% CT+0.79% KC -0.13% LB-3.89%
Currencies +0.06%
SF +0.37% JY+0.18% CD+0.09% USD+0.01% MP unch BP-0.02% EC-0.03% AD-0.21%
Financials +0.01%
TY+0.05% FV +0.01% ED unch TU-0.01% US
Grains -0.35%
O +2.03% C+1.04% RR+0.26% W +0.09% RS-1.14% BO -1.59% S-1.71% SM -2.10%
USDA Reports
Crop Progress
Rice Outlook
Oil Grops Outlook
Cotton & Wool
Indices-0.42%
CRB+0.95% YM -0.10% VIX -0.24% ES -0.42% NQ -0.60% Midcap -0.85% Russell 2K-0.87%
Energies -0.98%
NG +1.86% Ethanol +0.15% RB -1.89% HO -2.10% CL -3.06%
CMEGROUP. COM Energy Report
Metals -1.18%
GC -0.87%HG -1.13% SI-1.37% PL-1.55% PA -1.76%
Earnings
Before The Open Actual Consensus Yr Ago Yr/Yr Rev
Chemspec Intl 0.19 0.16 0.14 58.1%
Shaw Group 0.40 0.48 0.49 -12.1%
After The Close Actual Consensus Yr Ago Yr/Yr Rev
Alcoa 0.28 a 0.27 0.10 21.9%
Joes Jeans 0.00 0.00 0.01 -8.6%
Source: Briefing.com
Earnings Review from CNBC
Friday, April 8, 2011
Economic Data
Wholesale Trade
| | Prior | Actual |
| Inventories - M/M change | 1.1 % | 1.0 % |
Market Activity
Grains +2.21%
O+5.35% W+3.14%BO+2.49%S+2.11%SM+1.80%C+1.19%RS+1.17% RR+0.44%
USDA WASDE Report http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-04-08-2011.pdf
Bloomberg Grain Report http://www.bloomberg.com/news/2011-04-08/corn-rises-on-signs-higher-cost-failing-to-slow-demand-wheat-prices-gain.html
Oats reversed yesterdays limit-down action by closing up the daily price limit
Energies +1.79%
HO+3.55% RB+2.33%CL+2.26% Ethanol +1.19% NG-0.39%
Metals +1.72%
SI+2.67% HG+1.92% PA+1.79% PL+1.20% GC+1.01%
Currencies +0.27%
EC+0.95% SF +0.69% AD+0.68% MP+0.36%BP+0.21% CD+0.12% USD -0.98%
Financials -0.07%
ED +0.01% TU-0.03% FV -0.08% TY -0.08% US
Indices -0.55% VIX +1.47% CRB +0.95%
YM-0.20% ES-0.36% NQ-0.48% EW-0.68% RJ-1.04%
NYSE volume 585M shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.
NASDAQ volume 1.33B shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.
- VIX index +6% at just over 18.00
NASDAQ volume 1.33B shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.
- VIX index +6% at just over 18.00
Softs -1.65%
OJ +0.94% KC+0.79% CC-0.44% CT-2.52% SB-3.17% LB-5.48%
Cotton sold-off on a “buy the rumor-sell the fact” reaction to the USDA report that showed lower ending stocks thatn the previous report
1Q Earnings Week 1
16 Above Expectations
4 Matching
7 Below
CFTC Reports
Thursday, March 10, 2011
03.10.11 Review
Economic Reports
China : Merchandise Trade Balance
level Prior $6.45 B Est $4.5 B Act $-7.3 B
Imports were up 19.4% while exports rose 2.4%. 5th straight month that imports grew more than exports. (The Chinese New Year Holiday may have affected exports more than imports.)
United States : International Trade
Weekly Jobless Claims (Click to view report)
New Claims - Level Prior 368 K Revised 371 K Est 385 K Range 370 K to 400 K Act 397 K
4-week Moving Average - Level Prior 388.50 K Revised 389.25 K Act 392.25 K
EIA Natural Gas Report (Click to view EIA Report)
 |
| Weekly Change -85 bcf -71 bcf Analysts were looking for a 80bcf draw Other News Items |
North America
Of particular concern was winter wheat on the central and southern High Plains, which—in addition to the February temperature swings—has been adversely affected by drought. In contrast, snow continued to accumulate across the northern Plains and upper Midwest, increasing the likelihood of spring flooding
South America
In Brazil, weather conditions remained generally favorable for soybeans and other summer row crops, as well as coffee, sugarcane, and citrus.
Russia
Near- to below-normal precipitation was observed in most primary winter crop areas, although wetter-than-normal weather (mostly snow) prevailed in western portions of Ukraine and Belarus.
India
February warmth in India aided the development of wheat and rapeseed, previously slowed by cold conditions. Late-month showers provided favorable
moisture for winter crops entering reproduction.
China
Light rainfall late in February eased short-term dryness across winter crop areas of China and provided beneficial moisture for wheat and rapeseed breaking dormancy
Australia
In February, occasional showers throughout most of southern Queensland and northern New South Wales maintained abundant moisture supplies for reproductive summer crops.
South Africa
In February, drier-than-normal weather reduced moisture levels for filling corn in eastern sections of the corn belt. Drier conditions also prevailed in sugarcane areas of KwaZulu-Natal, but scattered showers were overall beneficial for summer crops in western sections of the corn belt.
USDA WASDE Report
La Niña update
Platts press release on OPEC Feb Production Increase
Comex Silver Inventories up 500,000
Wednesday, February 9, 2011
Bullet Points
#1) MBA Home Purchase Applications for week 02.04.11
Gasoline inventories: +4.66m vs est. +6.26m
#1) MBA Home Purchase Applications for week 02.04.11
Purchase Index W/W Chg : Prior= 9.5% Act=-1.4%
Refinance Index W/W Chg ; Prior=11.7% Act=-7.7%
Composite Index W/W Chg : 11.3% Act=-5.5%
Stronger-than-expected economic data has caused the average rate on 30-year mortgages to climb 22 basis points, to 5.13%
#2)USDA Grain Report (Click to view)
The grain reports revised downward the USDA's estimates for year-end supplies. The biggest surprise was the 70 million bushel reduction of ending stocks estimate for corn.
Crude inventores: +1.9m vs est. +2.0m
Gasoline inventories: +4.66m vs est. +6.26mGasoline and heating oil were supported by the strength in Brent crude. Brent’s premium to WTI rose to a record on Wednesday.
Gasoline is trading at a 28 month high despite the fact that inventories are extremely high and demand is at a 10-month low
#4) Bernanke Before Congress (Click to view)
#4) Bernanke Before Congress (Click to view)
In testimony before Congress Federal Reserve Bernanke stated that “unsustainable” budget deficits must be addressed, but he said that sharp cuts in spending would threaten the economic recovery.
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