USDA: weekly assessment of grain stocks again dropped
The weekly reports of last Sunday report unfavorable musters of U.S. grain stocks tend.
The current U.S. winter wheat crop is in the average of 18 States with 65% rd. 3 percentage points behind the five-year average back. But the clamping width ranges 18 percentage points from regional restraint were in Ohio Indiana with 24% percentage points, Missouri 32 percentage points, Michigan 31 percentage points. Causes are the constant interruptions of the harvest by rains. Some States ahead of the harvest of a few percentage points are.
The summer wheat stocks present themselves almost at the same level.
The maize stocks are to 54% in the category of "good" (previous week 55%) and in the category of "excellent" on 15% (last week 14%) classified. Only a clear drop in the category is "excellent" to 7% percentage points compared to the previous year. Overall, it is to be a less than average assessment. The stocks with superior earnings prospects are missing simply.
In the States of Illinois, Indiana, Missouri particularly unfavourable reviews gave it for corn stocks . North Carolina and Ohio with tees from the average in the order of 10 to 20 percentage points.
The excessive rain falls with unequal distribution of the U.S. corn beltare cause for the trend towards deterioration. In the average of 48 States, the rainfall surplus is almost 20%. The regional differences are considerable: in Indiana, Ohio and North Dakota are the values above 60%, in Illinois and Missouri between 45% and 55%. Individual regions have also rain deficits, but are in the minority.
In the next weeks the prospects to drier and warmer conditions, the growth of plants with sufficient soil moisture could accelerate. The maize plants come then increase in the yield-forming stage of pollination and piston education. That speaks for more favourable crop prospects.
On the U.S. stock exchanges , the wheat and corn prices deliver a differentiated picture. The wheat prices keep just on the increased level of $5.85 ever bu (€19,50 per dt). A strong dollar exchange rate makes negative impact on export. The corn prices have rapidly towards $4.35 developed per bushel (15.55 €/ dt). It is assumed that this development is relativized in the next few weeks. Unless the weather delivers more negative surprises.
