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USDA Shows Slight Monthly decline in Kansas Wheat Ratings

Grains were Up in the Overnight Session

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  • KCBT wheat breaks through Feb 20th highs on poor US crop ratings and expectations are for continued dry weather.
  • Significant rainfall has led to reported flooding along the river systems.
  • Exporters sell 130,000 metric tons of corn for delivery to unknown destinations during the 2017/2018 marketing year. -USDA

Wheat Conditions Deteriorate Further

  • Kansas HRW wheat rated 12 percent good-to-excellent down 2 percent from Jan. Wheat rated poor-to-very poor throughout Kansas increased 5 points to 49.
  • Oklahoma HRW wheat rated 4 percent good-to-excellent was unchanged from Jan. Wheat rated poor-to-very poor in the state declined by 1 point to 78 percent.
  • Drought conditions are expected to worsen this week across Kansas.
  • Temperatures should drop sharply mid-week in the central and Volga regions of Russia. Good snow cover should protect the crop from any damage.

More U.S. Rain in Delta and Midwest

  • Significant rain over the last month in the eastern Midwest and Delta regions has saturated the soil and caused flooding along the Illinois, Ohio, Tennessee and Lower Mississippi.
  • Last week the CME declared a Force Majeure along the Illinois river as flooding halted barge loading activity.
  • More precipitation is expected through Thursday which will increase flood conditions on the Tennessee and lower Mississippi.
  • Drier conditions from Friday through the weekend will help, but cooler temperatures next week which will slow drying.


  • Central production areas will remain dry through the weekend.
  • Latest weather model suggests increased rain during second weekend of March.
  • Significant rainfall is expected in the far northern part of Argentina for the remainder of the week.
  • Driest areas are expected to remain dry over the next week.
  • Temperatures are expected to cool next week.


  • Frequent showers will benefit crop development but slow fieldwork.

Export Inspections

  • Wheat export inspections disappointed while corn inspections beat analyst expectations.
  • Soybean export inspections met expectations

Actual Inspections

Analyst Estimate










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