USDA Crop Progress Report Highlights

Winter wheat showed a 1 point increase in the good/excellent category which was pretty much in line with expectations of a 1-2 point increase.

Corn is just 10 percent planted vs 20 percent a year ago and 35 percent for the five year average. This may provide some support for corn in the am, although progress wasn't expected to be much higher than the figure presented by the USDA.

Soybean planting at 2 percent done is still pretty much a non-event but who expected anything different?