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Tuesday, April 12, 2016

Winter Wheat Conditions Worsen: USDA

(DTN) -- Winter wheat conditions across the country worsened in the week ending April 10, according to USDA's latest Crop Progress report.
Nine percent of the crop is now rated poor to very poor, compared to 7% last week. In addition, the first heading progress number of 2016 was released at 4%, compared to 5% last year and a 7% average.
"USDA also said 56% of winter wheat was rated good to excellent, resulting in a 10-point decline in the DTN Winter Wheat Condition Index to 144," said DTN Analyst Todd Hultman. "DTN's index is up from 106 a year ago and well above the five-year average of 89. Monday's report is neutral-to-bearish for winter wheat."
Spring wheat is 13% planted, compared to 14% last week and a 10% five-year average. "Monday's report is also neutral-to-bearish for spring wheat," Hultman said.