The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,
Illinois: Severe Storms, Heavy Rains – US-DA
Crop Progress and Condition for the Week Ending April 13, 2014.
Severe storms and heavy rainfall continued throughout the state last week. Activities included anhydrous application, spring tillage, and oat planting. Potato and limited corn planting began early in the week.
Statewide temperatures averaged 54.5 degrees, 5.1 degrees above normal. Statewide precipitation averaged 0.32 inches, 0.63 inches below normal. Topsoil moisture was rated at 1 percent very short, 9 percent short, 73 percent adequate, and 17 percent surplus. Subsoil moisture was rated at 5 percent very short, 27 percent short, 61 percent adequate, and 7 percent surplus.
Winter wheat condition was rated at 3 percent very poor, 6 percent poor, 35 percent fair, 45 percent good, and 11 percent excellent.