Market report for Monday afternoon June 10, 2013

by JOHN BANCROFT
 

US Crop progress report:
Corn planting was in line with the expectations at 95% complete which is up 4% from last week and last year at this time planting was completed.
Soybean planting was in line with the expectations at 71% complete up 14% from last week. Last year it was 97% completed and the 5 year average is 84%.
Spring wheat planting is 87% complete
 
AGWEB Planting Maps:
Here are links to maps that show the planting progress for various states
·         Corn
·         Soybeans
·         Spring Wheat
 
US Crop Conditions
Corn was rated at 63% good/excellent which compares to  66% last year
Soybeans were 48% emerged up 17% from last week
Winter wheat was rated at 31% good/excellent which compares to 53% last year
 
 Disclaimer: This commentary is provided for information only and is not intended as advice