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Futures Close Report 4th May

US Planting Progress

  • 51% of Corn reported planted, up from 27% last week.  For soybeans 23% of area had been planted.  Both corn and soybeans showing planting progress is well advanced against the 5 year average.
  • US winter wheat was reported in 55% good / excellent condition up 1 point from last week.

 

Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month.  Previous record was 12.35 million tonnes, set in May 2018.