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“Winter wheat ratings rose 2% to 27% G/E vs. expectations of no change. 95% of the crop is headed vs. 92% YA and the five-year average of 91%. Harvest advanced more than expected to 25%, vs. only 9% YA and five-year average of 13%. There was a 1% decline in the crop rated poor/VP, down to 45%. Overall ratings are still the lowest in 20 years for mid-June. Spring wheat ratings improved another 3% to 55% G/E, slightly better than expected and are just below the 57% G/E from YA. Emergence at 95% is above YA at 88% and the five-year average of 89%,” Soderberg said.
