Corn up to 7% planted while soybeans move to 3%, USDA reports
The USDA released its fourth Crop Progress report Monday afternoon. These reports run weekly through the end of November, and look at the progress and condition of various crops on a national and state-by-state scale.
As of Sunday, the report pegged corn planted at 7%, compared with 15% for the previous five-year average; 2% has emerged compared to 3% for the previous five-year average.
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As of Sunday, the report pegged soybeans planted at 3%, compared with 5% for the previous five-year average.
Spring wheat planted was reported at 13% compared with 15% for the prior five-year average; 2% has emerged compared with 4% for the previous five-year average.
Winter wheat came in at 11% vs. the 19% five-year average. Winter wheat condition was 27% good/excellent and 39% poor/very poor. This compares with the previous year average of 49% good/excellent and 19% poor/very poor.
“Today’s Crop Progress report showed corn planting progress at 7%, which is 3 points higher than last week, but 2 points shy of the analysts’ estimate and 13 points below the five-year average,” says Bob Linneman, a commodities broker with Kluis Commodity Advisors. “Soybeans planted came in at 3%, which is inline with estimates, but 2 points below the five-year average. Surprisingly, spring wheat planted came in at 13%, which is 1 point above estimates yet 7 points below the five-year average. Winter wheat conditions fell in this report when traders were looking for an improvement.”
Oats planted was reported at 39% vs. the five-year average of 48%, and 27% of oats had emerged as of April 24, compared with 32% for the previous five-year average.
The report also indicated that nationwide, topsoil moisture is rated as 50% adequate and 16% surplus. The previous year was 59% adequate and 7% surplus.
About the report: Crop progress and condition estimates are based on survey data collected each week from early April through the end of November, according to the USDA. The non-probability crop progress and condition surveys include input from approximately 3,600 respondents whose occupations provide them opportunities to make visual observations and frequently bring them in contact with farmers in their counties. Most respondents complete the questionnaire on Friday or early Monday morning and submit them to the National Agricultural Statistics Service (NASS) field offices in their states by mail, telephone, fax, email, or through a secured internet website. A small number of reports are completed on Thursday, Saturday, and Sunday. Regardless of when questionnaires are completed, respondents are asked to report for the entire week ending on Sunday, according to the Crop Progress Report.