Spring Wheat Ratings Post Historic Lows June 21, 2021
Spring wheat crop ratings fell from 37% good/excellent to 27%. The trade expectation was 35%. This is a record low for this specific week. Spring wheat ratings also fell to all-time lows for any week in history. The prior worst was 31% in July of 2017. In that year yields ended 16% below the 15 year average.
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