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Are Planters Rolling in the Midwest? - 16 April 2013

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TheCropSite
Tuesday 16th April 2013.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor


5M

Are Planters Rolling in the Midwest?

Greetings from the extreme Midwest – I say extreme because this past weekend I saw snowflakes fall on Saturday and then on Sunday we had temperatures in the low 70s°F / 20s°C. More rain is in the 5 day forecast, but temps look to stabilize in the 50° to 60s°F/ 10° to 18°C this week.

On Monday we saw our first glimpse at USDA’s weekly Crop Progress report for corn planted acres. As expected, just a few southern states are showing any significant planter movement. Texas is 56 per cent planted, on track from year-ago figures of 54 per cent planted.

North Carolina and Tennessee are also in double-digits, at 28 and 11 per cent corn planted respectively. These numbers are well-below the same week in 2012 when North Carolina was 50 per cent planted and Tennessee was 75 per cent planted. But of course, last year spring came early and we certainly haven’t seen the warm temperatures in the central Midwest yet.

The only other states worth mentioning are Missouri and Kentucky at 8 percent and 7 percent planted respectively.

A quick look at other US spring crops, sorghum in Texas and Louisiana is in-line with 2012 plantings with both at 59 per cent planted, but Arkansas is only 6 percent planted as opposed to 75 percent planted the same week in 2012. Cotton is 35 per cent planted in Arizona and California, with California well ahead of the same week in 2012 which was at 9 percent.

As for sugarbeets, Crop Progress shows 71 per cent of are planted in Idaho. Rice shows 85 per cent planted in Texas and 81 per cent planted in Louisiana, both ahead of 2012 planting. Missouri, Mississippi, California and Arkansas range from 3 to 17 per cent planted all well behind year-ago figures.

Winter wheat conditions continue to be a concern. USDA reports the top 18 states show 5 per cent in excellent condition, 31 percent good 33 per cent fair19 per cent poor and 12 per cent very poor. Freeze damage reports in the southern SRW wheat areas and southern Plains where HRW is grown and forecasts for more freezes should support the market.

To read Jim Wyckoff’s daily market commentary, click here.

Have a great week!


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Market Reports

USDA GAIN: Spain Cotton and Products Annual 2013
USDA GAIN: Bangladesh Grain and Feed Annual 2013
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USDA GAIN: Brazil Oilseeds and Products Annual 2013
USDA WASDE - April 2013
USDA GAIN: China Cotton and Products Annual 2013
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USDA Oilseed: World Markets and Trade - April 2013
China Wholesale Prices - 10 April 2013
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USDA GAIN: Uzbekistan Cotton and Products Annual 2013
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USDA Grains: World Markets and Trade - April 2013
USDA Cotton: World Markets and Trade - April 2013
Australian Weekly ABARES Report - 11 April 2013
China Wholesale Prices - 11 April 2013
USDA GAIN: India Grain Update - April 2013
USDA GAIN: Algeria Grain and Feed Annual 2013
USDA GAIN: Argentina Grain and Feed Annual 2013
USDA GAIN: Russian Federation Oilseeds and Products Annual 2013
USDA GAIN: Vietnam Oilseeds and Products Annual 2013
USDA GAIN: Pakistan Cotton and Products Annual 2013
China Wholesale Prices - 12 April 2013
UK Cereals Usage by Millers Brewers & Maltsters - Review of February 2013
USDA Feed Outlook - April 2013
USDA GAIN: Viet Nam Grain and Feed Annual 2013
USDA GAIN: Japan Oilseeds and Products Annual 2013
USDA GAIN: Morocco Grain and Feed Annual 2013
USDA GAIN: Turkey Grain and Feed Annual 2013
USDA GAIN: Egypt Grain and Feed Annual 2013
USDA GAIN: Turkey Cotton and Products Annual 2013
USDA GAIN: India Oilseeds and Products Annual 2013
China Wholesale Prices - 15 April 2013
USDA Rice Outlook - April 2013
USDA Oil Crops Outlook - April 2013
USDA Crop Progress - April 2013
USDA Cotton & Wool Outlook - April 2013
USDA Wheat Outlook - April 2013
China Wholesale Prices - 16 April 2013

Global Crop Industry News

   Brazil

Brazil Faces Looming Transport Fuel Shortfall
Brazil First Quarter Agribusiness Exports Up

   United States

CME: USDA Expected to Revise Estimates of Corn Ending Stocks
Grain Inventories, New Crop Outlook Boost Livestock Prospects
CME: Corn Futures Closed Higher Tuesday
Canola Educational Opportunities Planned in Kansas
Cargill Third-quarter Earnings Drop
Grains: Where are the Stops? Wednesday, April 10
Jim Wyckoff's Wednesday Closing Grain Market Update
NFU Commends President's FY 2014 Budget
Wheat Producers Should Monitor Fields Closely for Freeze Injury
April Report Forecasts Tight Corn and Soybean Supply
Grains: Where are the Stops? Thursday, April 11
Jim Wyckoff's Thursday Closing Grain Market Update
Investment in US Rail System Necessary to Meet Agriculture’s Needs
CME: Corn Futures Closed Higher Thursday
Preparation, Double-checking are Key to Spring Planting Safety
Fuel Debate 'Not Just About Food Vs Fuel'
Grains: Where are the Stops? Friday, April 12
Grain Hedge: USDA Reports Push Grains Higher
GeoGrain: Basis Levels Stagnate
High Levels of Lead Detected in US Rice Imports
CME: Corn Futures Closed Higher Friday
Jim Wyckoff's Monday Closing Grain Comments
Nitrogen Key to Uptake of Other Corn Nutrients
Early Season Corn Production Concerns
CME: Corn Futures Closed Down on Monday
Feeding Corn Germ to Pigs Does not Affect Growth Performance
Grains: Where are the Stops?

   Russian Federation

Miratorg Shows Growth

   Global

Cargill Earnings Down 42 Per Cent, Pressured by Drought-inflated Feed Costs
Jim Wyckoff's Morning Report: Speculation on FOMC Outcomes
US Grain Futures Weaken Modestly in Wake of USDA's Supply and Demand Report
Jim Wyckoff's Morning Report: Fed Officials Debate whether to Shut Bond-buying Program
Food Price Index up Slightly in March on Higher Dairy Prices
Jim Wyckoff's Morning Report: Markets Prepare for Data Release
Jim Wyckoff's Morning Report: Gold and Silver Markets Crash
Wheat Growers Welcome US Support for Japan’s Entry to Trans-Pacific Partnership
Jim Wyckoff's Morning Report: Boston Terror Attack Jolts Already Shaky Attitudes
Jim Wyckoff: Boston Terrorist Attack Jolts Already Shaky Investor Attitudes

   Canada

Alberta Farmers Hope for Profitable Growing Season Amid High Crop Prices
Canada Soil Conservation Week Approaches
Late Spring and Abundant Snow Expected to Protect Winter Cereal Crops
New Program to Help Industry Promote Benefits of Agriculture

   Madagascar

Madagascar Needs More than $41 Million to End Locust Plague

   Australia

Spreading the Carbon Farming Facts

   Philippines

Philippines Department of Agriculture Promotes Hybrid Rice

   South Africa

Critical Feed Issues Under Discussion at IFRM

   Kazakhstan

Kazakhstan to Sow Wheat at 13 Million Hectares in 2013

   Thailand

Thai Cotton Imports Likely to Increase

   United Kingdom

Farmers Encouraged to Pursue Anaerobic Digestion
BCPC Launches New Congress in Brighton
Scientists: We Must Value Resources as Well as Innovate

   Ireland

IFA's CAP Campaign Focuses on Role of MEPs

   Viet Nam

Viet Nam Quarantine Law Needed to Protect Production, Exports

   Chile

Global Fertilizer Industry Promotes Safety, Health and Environment Management

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