US Crop Ratings:
- Wheat 31% good / excellent up from 30% last week. (54% last year);
- US spring wheat plantings 3% complete (15% 5 year average);
- US corn 3% planted slightly behind the 5% 5 year average.
Above average rains forecast in key corn-growing regions Brazil, are easing drought fears as the country’s second corn crop develops through the end of April.
China introducing a temporary anti-dumping measure on US sorghum (178.6% deposit), a final ruling will follow but no timeline has yet been given. This marks a continued escalation in the ongoing trade dispute between US and China.