US Harvest Progress
- Corn – 39% harvested up from 34% last week – just behind 5 year average pace of 35% Condition reported 68% good / excellent unchanged from last week.
- US soybeans – 38% harvested up from 32% last week – well behind 5 year average pace of 53% = supportive. Condition also 2points lower on the week at ++% good / excellent.
- US winter Wweat = 65% planted up from 57% last week (67% 5 year average).
Pace of US harvests has been slowed by heavy rains over the last week.
AHDB released their first production estimate for UK 2018 harvest – total wheat harvest was put at 14.086 million tonnes – this is the lowest level of production since 2013, and around 5% lower than last year. Opening stocks were also estimated lower by 2% resulting in a tighter balance sheet than last year.