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American wheat situation worsens;  Corn planting is picking up speed, the USDA says

American wheat situation worsens; Corn planting is picking up speed, the USDA says

For wheat, winter grain was less than 30% in the 19th week of the year.

The U.S. Department of Agriculture (USDA) on Monday estimated 27% of the country’s winter wheat crop in good condition, down 2 percentage points from the previous week, lower than analysts’ expectations.

The department’s weekly crop progress report showed that farmers had planted 49% of their maize crop, with warmer, drier climates in the Midwest expected to eventually allow farmers to resume work on late planting.

One week ago, a USDA report showed that 22% of farmers had grown maize.

For wheat, the best-winter winter grain rating was less than 30% of USDA records in the late 1980s, 28% in 1996 and 25% in 1989.

Source: Reuters

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