USDA Winter Wheat Condition Report

The USDA released their first wheat crop condition/progress of the current season Monday night after the close of Chicago and pegged the crop at 7% very poor (3% in 2007); 14% poor (7%); 34% fair (26%); 37% good (45%) and 8% excellent (19%).

That gives us 45% of the U.S. winter wheat crop in good to excellent condition as at April 6th. That's up from last week's unofficial estimate but far below the 64% good to excellent rating a year ago, 34% of the current crop is in fair shape and 21% is called poor to very poor.