Futures Close Report 20th May

US Planting

• Corn 49% planted up from 30% last week – 5 year average 80%
• Soybeans 19% planted up from 9% last week – 5 year average 47%
• Spring wheat – 70% planted up from 45 % last week – 80% 5 year average
• Winter wheat was reported 66% good / excellent up 2points from last week.

EU Crop reporting service MARS increased their forecast for wheat yield forecasts to 6.05tonnes / ha for soft wheat, but OSR yields were seen down at 3.13 tonnes per Ha from previous forecast of 3.19 tonnes / ha.