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Global Crop Update - Russia, Ukraine, Argentina and More - 22 July 2014

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TheCropSite
Tuesday 22nd July 2014.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor


Wyffels

5M

Global Crop Update - Russia, Ukraine, Argentina and More 

Greetings! While we are heating up the US Corn Belt for a couple of days, it’s not expected to last. A cool down should arrive by midweek - perfect for corn pollination timing which should stretch through the next few weeks.

We've seen a bit of a dry spell, but subsoil moisture is expected to support crop needs with minimal stress.

As for the world, the HGCA offered the following global crop update:

UK as of 15 July:

  • 5% of the winter barley area had been harvested
  • 5% of the winter oilseed rape area had been harvested

Argentina as at 17 July:

  • 80% of the wheat crop was planted
  • 99% of the planted soyabean area had been harvested
  • 65% of the planted maize area had been harvested

Russia as of 16 July:

  • 23% of the wheat area was harvested
  • 20.5 Mt of wheat was gathered, with an average yield of 3.6t/ha
  • 8.6% of the total planted area of barley was harvested
  • 2.7 Mt of barley was gathered, with an average yield of 3.4t/ha
  • 14.9% of the total planted area of winter oilseed rape was harvested
  • 298.5 Kt of winter oilseed rape was gathered, with an average yield of 1.6t/ha

Ukraine as of 7 July:

  • 2.34Mt of grain was harvested, including 1.14Mt of barley and 1.15Mt of wheat
  • Harvest progress is reported to be behind 2013's very early progress but ahead of the 5-year average

 US as of 21 July:

  • 76% of the corn crop was in good/excellent condition (same as last week), compared to 63% at this point last year
  • 73% of soybeans were in good/excellent condition, up 1% over last week (64% at this point last year)
  • 75% of winter wheat had been harvested, compared with 69% at the same point last week and the same as the five-year average
  • 70% of spring wheat was in good/excellent condition, unchanged from last week (68% last year)
  • 34% of oats had been harvested, compared with 24% at the same point last year
  • 64% of oats were in good/excellent condition, unchanged from last week (56% last year)
  • 66% barley was in good/excellent condition, up 2 percentage points from last week (65% last year)

France as of 14 July:

  • 5% of the soft wheat area was harvested
  • 70% of the soft wheat crop was in good/very good condition
  • 83% of winter barley area was harvested (40% at the same point in time last year)
  • 71% of winter barley was in good/very good condition
  • 1% of spring barley area was harvested
  • 66% of spring barley was in good/very good condition

Market analyst Jim Wyckoff said grain traders still perceive the growing weather for corn and soybeans to be very good with record yields still on track, which is fully bearish. Bears also remain in firm technical command of the grain futures markets. 

To read more from Jim, click here

Have a great week!

~Sarah

 




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Global Crop Industry News

   United States

Addressing Corn Rootworm Disease Before it Takes Hold
Wyckoff's Closing Grains: Corn Closed Steady
NFU Asks for Clarity on Key Points Under Waters of US Rule
How Burdensome Are Corn Supplies?
Wyckoff's Closing Grains: Corn Closed Higher
Jim Wyckoff's Morning Report: No Concerns in Marketplace
Wyckoff's Closing Grains: Corn Closed Lower

   Global

Jim Wyckoff's Morning Report: Markets Still Wary of Russian Tensions
Jim Wyckoff's Morning Report: Markets React to Malaysia Airlines Plane Crash
USDA Issues Bearish Crop Report
Jim Wyckoff's Morning Report: Tensions Increase Between Russia and West
Jim Wyckoff's Morning Report: Markets Weaker Overnight
Global Diets Are Changing, Increasing in Protein
What Could Climate Change Mean for Agriculture?

   Korea, North

North Korea Early Season Crops Affected by Dry Weather

   United Kingdom

Recommended List Responds to Changes in Winter Barley Market
NFU 'Delighted' at Defra’s £400 Million Food Procurement Plans
VIDEO: UK Public is Urged to Support Our Bees Needs
MEPs Commit to Backing British Farming
Commitment to Renewables Slashes Fossil Fuel Costs
Call for Better Data on Greenhouse Gas Emissions

   Brazil

Favourable Prospects for Brazil Second Season Maize

   European Union

Copa-Cogeca Calls for Stronger Action to Combat Unfair Practices
EU Council Meeting Addresses Organic Farming Regulation

   India

Indian Sugarcane Acreage Down by Two Per Cent in 2014-15
India to Launch TV Channel for Farmers
India Raises Farm Credit to $133 Billion during 2014-15
Indian Farmers to Get Soil Health Card

   Germany

German Farm Economics 'Significantly Worse' than March

   Czech Republic

Cereal Harvest To Be Lower For Czechs

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