The National Ag Statistics Service released this year's first crop progress and conditions report for 2008 after the close of grain trading today. The trade was anticipating seeing 3% of the corn crop planted, versus a five-year average of 3%. NASS did not include a planting progress in the report for corn. This suggests at least 75% of the main states contributing to the nations corn crop have not made sufficient progress to report. At this period of time in past history, the least amount of progress ever reported has been 2% with a max of 4%. Looking ahead to next week, the average is usually 4% with the least amount of 2% with a maximum amount of 9%. In 2007 the progress for next week was recorded at 4%.
NASS did release a Spring Wheat planting progress as it said it to be 5% complete versus a five-year average of 6%.
The 2008 Winter Wheat Crop Condition report was released for the first in today's report. The 18 states, which made up the majority of 2007 production came in at 45% good to excellent compared to the last report of 2007 prior to dormancy when the good to excellent rating were 44%. One year ago, conditions were closer to 64% good to excellent with a five-year average closer to 55% good to excellent. The trade was anticipating today's report to come in a range of 38 to 42% good to excellent. Individual states we have been reporting on for several weeks are as follows, Texas good to excellent conditions at 22% versus 16% a week earlier, Oklahoma good to excellent conditions at 51% versus 43% a week earlier and Kansas good to excellent conditions at 44% compared to 48% a week earlier.
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