June 22, 2009
U.S. wheat crops on target
The U.S. Agriculture Department said winter and spring wheat crops had caught up with their five-year averages as the winter wheat harvest gets under way.
Ninety-five percent of the winter wheat crop has headed out, compared to an historic average of 97 percent by this week of the year. Ninety-nine percent of the spring wheat crop has emerged, compared to a five-year average of 100 percent,In addition, 68 percent of the winter wheat crop is in fair to excellent condition. Last year during the same week, the 18 largest winter wheat-producing states reported 76 percent in fair to excellent shape.
The USDA said 96 percent of the spring wheat crop is reported in fair to excellent condition, slightly ahead of last year's report for the same week of the year.
The 18 largest corn-producing states report 93 percent of the crop in fair to excellent shape, 4 percentage points higher than a year ago.
Eighteen states this week reported the winter wheat crop, on average, was 20 percent completed. The five-year average for harvest completion for this week is 31 percent, the USDA said.