Day three of the US spring wheat crop tour wound up Thursday. Both durum and milling wheat fields were walked with projected yields coming in close to where the USDA had expected them to be. The scouts finished the week in Fargo after touring Minnesota where spring wheat was estimated to average a yield of 49.1bu/ac (3.3t/ha). Durum yields were a little lower, estimated at 39bpa (2.62t/ha).
The estimates for the three days were much higher than last year’s drought reduced crop and also the second highest recorded since 2008.
The crop tour estimates came in at 49.9bpa for wheat and 39.2bpa for durum. These compare to the USDA estimate for wheat at 47bpa and 40.3bpa for durum. So, a little higher for wheat and a little lower for durum.
The only thing likely to hold back the US and Canadian spring wheat potential will be an early frost. Something looking unlikely to happen given the current and projected heatwaves. It was also noted there was minimal disease and pest pressure on the spring wheat crop this year.

US wheat futures were lower, take a guess, on the back of ……… expected export increases out of the Ukrainian ports on the Black Sea. Seriously getting over the volatility around this. Up one day, down the next on the same yarn 4 times a week, seriously, can we not read a S&D report anymore. The only thing speculative about wheat there is the size of Russian exports and how big the Black Sea carry over in wheat will be, Russian and Ukraine.

France is 95% through their soft wheat harvest, 63% of the crop rates G/E, unchanged from last week and considering 95% in the bin this rating is probably unlikely to change further.