Excluding freight, GASC bought 60,000 tons of Romanian, Ukrainian, Russian and American hard red winter wheat, and 55,000 tons of additional American hard red winter wheat.
Corn planting saw a jump with 47% of the crop planted last week and 71% crop planted by the end of the week ending May 14, said USDA. The spotty showers prevented producers from making significant progress on planting.
Planting momentum increased across large parts of the Midwest following improved weather conditions and less torrential rains. "Beside bad market prices, the falling numbers made previous year one we'd love to forget, this sunshine helps us forget, but we'll need lots of it", he said.More news: Shadow Brokers hacker group says more NSA leaks to come
"When you look at the futures market and those projected prices you have to be very cautious, they don't always match whats happening on with the ground, while prices look good for us, if you look at the fields, they don't look all that good right now either, but that's just my opinion", said Hasselstrom.
There were 1.9 days suitable for fieldwork during the week. It also curbs the price of corn and beans from South American producers, leaving many of them unwilling to sell at now low prices. But farmers had sold only about half of it by early May, compared with the five-year average of 65 percent.
Input costs are down a little bit this year, he said, but that does not provide a lot of relief for farmers still seeing crop prices in the $3-a-bushel range for corn and the $9 range for soybeans. So far this year about 32% of the crop has been planted. New-crop wheat futures climbed to 20 cents per bushel following the late season snowstorm. The hay crop is also reported 69 percent good to excellent.More news: Kawhi Leonard will play in Game 1 vs
Montana - 77 percent planted on May 14, down from the five-year average of 78 percent but up from 46 percent a week earlier.
Crop emergence however trails both the 44% that typically has sprouted by this point in the year, and the 57% that had emerged by this point last year. About 32% of the crop is in the ground, down from 33% past year and 35% on average.
Only minor corn planting gains were made in the Eastern Corn Belt with Illinois's planting progress improving just 2% week-on-week; however at 65% planted, IL was still ahead of its 5-year average of 63%. Oats planted was 99 percent, ahead of 92 a year ago, and near 97 average.More news: World Leaders React To Emmanuel Macron's Victory
Overall conditions for pasture and rangeland are in line with last year, said the department about 62% of acres are good or excellent about 63% were last year at this time. And, the amount that has emerged also is behind past years' production.
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