US seed status report of the 08.06.2014
After the corn stuff in the United States on schedule is as good as completed, stock assessments are now more in the foreground of interest... The classification of 75% of the maize area in the category "good to excellent" compared to the previous year with 63% support hopes for high yields. The reduced acreage could be absorbed this partially restored. However, yield decides ultimately only in August of this year when the piston formation phase.
The soybean sowing is with 87% of the planned areas in the final race. Compared with the long-term average, the beans with 6 points have the nose front. Also seed rising is 9 points higher than the multiannual mean values. The first stock assessment concluded the 74% of the soybean areas as "good to excellent" were classified. Slowly but surely the assessment is also on the exchanges, that the U.S. soybean crop will fundamentally change the current acute shortage of supply in the United States. Risk premia are increasingly being mined.
the winter wheat harvest is already threshed to 9%. Oklahoma and Texas are forward with 26% and 30%. The first threshing results were unexpectedly better than so far assumed.
The evaluation of wheat stocks remains with 30% "good to excellent" far back behind the multiannual average figures. After all, 44% of stocks fall into the category "poor to very poor". The USDA estimates the U.S. winter wheat crop by 10 to 15% less than the multiannual mean.
The smaller spring wheat sowing is as good as completed. Seed rise and stocks are slightly below the long-term average values.
The stock prices for wheat seem to get ground under your feet after a long descent.
