X-Trade Brokers  (X-Trade Brokers )
Commodities  |  September 16, 2010 13:23:01

The quality of all cereals in the U.S. deteriorated


According to the Weekly Review September 12 USDA corn reached maturity at 52% of areas compared to 32% long-term average and 11% was harvested areas. Rating corn again decreased by 1% to 68% good and excellent quality, compared to 69% a year ago. Soybean crop was mature for 38% of all areas compared with 30% average of the last five years. Its quality is deteriorated by 1%, was rated as good to excellent from 63% to 5% worse than last year. Status of cotton crop also experienced a deterioration of 1%, was evaluated in 59% good and excellent compared with 51% last year.

Continued harvest of spring wheat. In six producing states was completed in 83% of all areas compared to 67% a year ago and 91% of the average of five years. The quality of wheat was 10% better than last year.

Rice harvest was completed in 54% and the rate was 20% higher than the five-year average. The quality of rice deteriorated by 4%, was rated as good to excellent from 64% only 1% better than last year. Status of meadows and pastures in mid-September was 4% lower than a year ago, in good and excellent condition was only 44% of the area. The worst conditions persisted in the states of IN, VA and WY.

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