Early thoughts/remarks:
Corn planting advanced +15% this week to 88% - only -6% off the five year average
Missouri still lagging severely – expect this remainder will be planted to soybeans?
Ohio and Indiana surprisingly behind – this is different then what weather patterns imply?
Iowa mostly caught up – east still seeing some planting
Illinois could be problematic – 87% complete – check the southern areas
Minnesota, South Dakota, and Wisconsin all advanced between 24 and 30% this week
Emergence still behind – cold weather forecast this week unlikely to help matters
Only 52% emerged, -24% behind the five year average due to rains/cold
Significant re-planting expected, which could impact overall yields in affected areas
Soybeans at 52% planted, jumping +25% - now only -15% off the five year average
Iowa put an additional +38% of the soybean crop in the ground
Minnesota and Nebraska also progressing nicely, indicating farmers are mostly done with corn
Sorghum planting on pace
Cotton catching up - +22% advancement this week
First Spring Wheat Condition number of the year – 7% P-VP, 52% G-E
Emergence numbers good considering late start
Winter Wheat conditions improved – dropping -2% from P-VP, adding +2% to G-E
HRW accrued most of the gains – Kansas up sharply (+6% G-E)
SRW improved slightly – gains in Arkansas, Ohio more than offset a marked decline in Illinois
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informational purposes only and should not be construed in any way as an inducement to buy or sell commodity futures or options contracts. The Linn group and its officers, directors, employees and affiliates
may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.
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312.896.2001
Reproduction or rebroadcast of any portion of this information is strictly prohibited without the written permission of the Linn group, inc. the information reflected herein is derived from sources believed to be
reliable; however, this information is not guaranteed as to its accuracy or completeness. Opinions expressed are subject to change without notice. this material and any view expressed herein are provided for
informational purposes only and should not be construed in any way as an inducement to buy or sell commodity futures or options contracts. The Linn group and its officers, directors, employees and affiliates
may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.
Jerrod Kitt
The Linn Group
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312.896.2001
Reproduction or rebroadcast of any portion of this information is strictly prohibited without the written permission of the Linn group, inc. the information reflected herein is derived from sources believed to be
reliable; however, this information is not guaranteed as to its accuracy or completeness. Opinions expressed are subject to change without notice. this material and any view expressed herein are provided for
informational purposes only and should not be construed in any way as an inducement to buy or sell commodity futures or options contracts. The Linn group and its officers, directors, employees and affiliates
may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.