Tuesday May 18, 2021

  • Green screen to start the day today with strong planting progress made over the last week but still lagging expectations 
  • Chinese demand remaining strong with more purchases made today 
  • NOPA April soybean crush numbers came in below expectations at 160.3 million bu (168.7 million expected), also down from 178 million in March and 171 million last April
  • U.S. Crop Progress and Conditions report
    • Corn planting 80% complete – still ahead of 5 year average of 68% planted 
    • Soybean planting reached 61% complete – again ahead of average pace of 37% complete
    • Winter wheat conditions fell a point to 48% good/excellent compared to average ratings of 53% g/e