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Commodities  |  June 07, 2011 18:23:20

U.S. corn crop faster, the quality has improved


Prices of corn on Monday weakened considerably in response to improved weather and sale of other commodities. Warm weather and sporadic rainfall is ideal for further development. After a long period of wet spring, most of the areas sown already. According to the Weekly Review on June 5 in USDA corn planting greatly accelerated. Sowing was complete in 94%, compared with 99% a year ago and 98% of the last five years. In good to excellent condition, 67% of the area, which was about 4% better rating than a week ago.

Farmers had completed sowing of soybean 68%, up from 83% a year ago and germinate about two fifths areas. Significantly accelerated sowing of cotton and rice.Rice quality has improved by 6%, in good and excellent condition was already 59% yield, compared with 76% a year ago.

Slowly spring wheat sowing continued and completed in 79%, compared to 97% last year and germinate about one third less in the same period last year. Started harvesting winter wheat, its quality has improved by 1% to 34% good to excellent, well below average and the worst state since 2002. Status of pasture was about 18% worse than the same period a year ago.

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