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USDA: Corn, soybean crops catching up; Plains wheat harvest rolling

A quick glance at this week's USDA-NASS Crop Progress report shows farmers have finally reached a crucial point in the season: The "corn planting" progress chart is gone, meaning the finish line for corn planting has come and gone.

Monday's Crop Progress report shows the corn crop's not only in the ground, but catching up with the average pace for emergence: As of Sunday, 95% of the crop's emerged, down 3% from the previous five-year average and ahead a percentage point from last year at this time. Seventy percent of the corn crop is in good to excellent condition.

Soybean plantings as of Sunday stand at 87% completed, down 5% from the previous five-year average, but 4% ahead last year's pace at this time. Seventy-two percent of those beans have emerged, just ahead last year's pace but 11% behind the previous five-year average. Of those beans in the ground already, 66% are in good to excellent condition.

Monday's USDA report also shows early winter wheat harvest gains. Though well behind the pace of the last few years, combines are rolling in the southern Plains, with 37% and 22% of Texas and Oklahoma's crop in the bins, respectievly. Overall, 44% of the wheat crop is in good to excellent condition, with 27% in fair condition and 28% in very poor to poor shape, according to USDA.

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A quick glance at this week's USDA-NASS Crop Progress report shows farmers have finally reached a crucial point in the season: The "corn planting" progress chart is gone, meaning the finish line for corn planting has come and gone.

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