CHICAGO, Sept 7 (Reuters) – The U.S. Division of Agriculture is predicted to price 57% of the nation’s soybean crop in good to glorious situation in its weekly crop progress report, up 1 share level from every week earlier, based mostly on the typical estimate in a survey of 10 analysts on Tuesday.
Analyst estimates for good to glorious rankings in soybeans ranged from 55% to 58%, with a median of 57%.
For corn, analysts on common predicted the USDA would price 60% of the crop pretty much as good to glorious, unchanged from the earlier week, with estimates starting from 59% to 61% good to glorious and a median of 60%.
The federal government was scheduled to publish its report at Three p.m. CDT (2000 GMT) on Tuesday, a day later than typical on account of Monday’s federal vacation.
For spring wheat, analysts on common estimated the harvest as 95% full, up from 88% as of Aug. 29.
Additionally in Tuesday’s report, the USDA expects to launch its first planting progress figures for the U.S. winter wheat crop that shall be harvested in 2022. Analysts on common estimated winter wheat planting as 4% full.
All figures in %:
Class
Analyst common
Analyst vary
USDA final week
Corn situation*
60
59-61
60
Soybean situation*
57
55-58
56
Spring wheat harvested
95
93-96
88
Winter wheat planted
4
3-5
NA
*P.c good/glorious
(Reporting by Julie Ingwersen; Modifying by David Gregorio)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.internet))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
www.nasdaq.com