Yesterday’s weekly Crop Progress and Condition report from the Arkansas NASS field office confirmed this spring’s slower-than-average planting pace. Corn planting is 27% complete as of April 5, compared to 24% last year and a five-year average pace of 43%. Rice planting is 6% complete, compared to 7% last year and a 13% five-year average. Sorghum planting is also 6% complete, compared to 2% last year and a 14% five-year average. Excess precipitation and cool temperatures slowed planting progress in March. Current weather forecasts indicate slow planting progress at best for the week ending April 12 with frequent precipitation chances.
NASS also indicated condition ratings for the state’s winter wheat crop are lower than a year ago. The Arkansas winter wheat crop is currently rated 17% poor to very poor, compared to 6% the week ending April 6, 2014. Fifty-one (51) percent of winter wheat is rated good to excellent, compared to 57% last year at this time.
Link to slides: 4-6-2015 Arkansas Crop Progress
(includes planting progress, wheat conditions, report calendar)
Upcoming USDA reports:
• The USDA will release updated supply/demand estimates this Thursday, April 9 at 11:00 a.m. Central). Incorporating the March Quarterly Grain Stocks estimates may result in some changes to 2014/15 ending stocks values.
- Current pre-report trade estimates indicate April U.S. corn ending stocks at 1.854 billion bushels (up 77 million bushels from the March USDA March estimate of 1.777).
- The average trade estimate for U.S. 2014/15 soybean carryout is near 370 million bushels compared to the March USDA estimate of 385 million.
- The average trade estimate for U.S. 2014/15 wheat carryout is near unchanged at 692 million bushels compared to USDA’s March estimate of 691million.
• The first U.S. corn planting progress will be issued by NASS next Monday (April 13 at 3:00 p.m. Central).