CHICAGO, May 11 (Reuters) – The U.S. Department of Agriculture’s weekly crop progress report should rate 32% of the U.S. winter wheat crop in good-to-excellent condition, according to the average estimate of 10 analysts on Monday, up 1 percentage point from last week but still the lowest level for this time of year since 2023.
• Trade estimates of wheat ratings for the week ended May 10 ranged from 30% to 34% in good-to-excellent condition.
• Last week, the USDA rated 31% of U.S. winter wheat in good-to-excellent condition, the lowest for the 18th week of the calendar year since 2023.
• Approximately 70% of the U.S. winter wheat crop is in an area experiencing drought, the government said last week, compared to 22% a year ago.
• For corn, analysts on average expected the USDA to report U.S. planting progress as 55% complete by May 10, up from 38% a week earlier. Estimates ranged from 48% to 60% complete.
• For soybeans, analysts projected planting as 48% complete, up from a previous projection of 33%.
• Spring wheat planting progress was seen as 50% complete, up from 32% a week ago.
• The USDA is scheduled to publish its report at 3 p.m. CDT (2000 GMT).
All figures in percent:
Category Analyst Analyst USDA
average range last
week
Corn planted (percent) 55 48-60 38
Soybeans planted (percent) 48 44-52 33
Spring wheat planted (percent) 50 45-58 32
Winter wheat conditions* 32 30-34 31
*Percent good/excellent
(Reporting by Julie Ingwersen; Editing by Paul Simao)
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