CHICAGO, Could 17 (Reuters) – The U.S. Division of Agriculture’s (USDA) weekly crop progress report is anticipated to indicate that farmers planted 84% of their meant corn acres as of Could 16, in keeping with the common estimate in a survey of 10 analysts on Monday.
The typical estimate for soybean planting was 60% full. For spring wheat planting, it was 86%.
Commerce estimates ranged from 79% to 88% for corn planting, 57% to 64% for soybean planting and 83% to 88% for spring wheat planting.
USDA will launch its weekly crop progress and situations report at three p.m. CDT (2000 GMT) on Monday.
Analysts additionally had been anticipating the report to indicate that good-to-excellent rankings for the U.S. winter wheat crop rose 1 share level to 50%. All figures in %:
Class
Analyst common
Analyst vary
USDA final week
Corn planted (%)
84
79-88
67
Soybeans planted (%)
60
57-64
42
Spring wheat planted (%)
86
83-88
70
Winter wheat situations*
50
48-51
49
*P.c good/wonderful
(Reporting by Mark Weinraub Enhancing by Paul Simao)
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