Highlights from the report:
- Winter wheat 49% G/E vs 50% last week, and 28% a year ago
- Corn planted 27% vs 12% last week, and 23% a year ago
- Corn emerged 7% vs 3% last week, and 5% a year ago
- Soybeans planted 18% vs 8% last week, and 16% a year ago
- Spring wheat planted 34% vs 15% last week, and 10% a year ago
- Spring wheat emerged 5% vs 2% last week, and 2% a year ago
- Cotton planted 15% vs 11% last week, and 14% a year ago
- Sorghum planted 19% vs 17% last week, and 20% a year ago
CROP SURVEY: US Soybean Crush and Corn for Ethanol
The following is from a Bloomberg survey of six anlaysts.
- Soybean crush seen at 205.6m bu in March, a 3.9% rise from a year ago
- Crude and once-refined soybean-oil reserves at end of March seen at 2.315b lbs, down from 2.388b
- Corn used in ethanol production seen up 6.5% y/y to 464.5