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USDA: Little progress made with sluggish corn planting

Agriculture.com Staff 04/21/2008 @ 2:37pm

Not much progress has been made in getting the '08 corn crop in the ground in the last week, according to Monday's USDA-NASS Crop Progress report.

As of Sunday, four percent of the country's corn crop has been planted. This doubles last week's two-percent progress mark, but is lagging significantly behind the average pace. Typically, 17% of the nation's corn crop has been planted by this week.

The most significant planting delays are in the mid-South and southern Corn Belt, according to Monday's report. In Tennessee, normal progress has 64% of the state's corn in the ground by this time, but as of Sunday, only 17% of Tennessee corn is planted. A similar story is developing in Missouri, where only four percent of the corn crop is planted compared to the average progress level of 53% by this week.

While progress continues to lag behind normal, the signals this week point both ways in the marketplace, with the bulls and bears wrestling with where planting progress stands now and how it's likely to continue in the next week, according to Monday's Freese-Notis Weather, Inc. Weather Market Commentary.

"The bulls will point out that it remains very wet right now in key parts of the Corn Belt. The bulls will point out that there is still rain in the forecast, with a minor system moving through especially the central third of the Corn Belt tomorrow and then a stronger system moving through for the Thursday-Friday time frame of this week," according to Freese-Notis. "On the side of the bears will be arguments that we are getting some fieldwork done. Bears will also point out that welcome warm temperatures will dominate this work-week period."

Not much progress has been made in getting the '08 corn crop in the ground in the last week, according to Monday's USDA-NASS Crop Progress report.

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