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Over Half of the U.S. Corn Crop Is In The Ground, USDA Says

Soybean planting pace reaches over five-year average.

DES MOINES, Iowa — The U.S. corn planting pace and crop emergence catch up with average estimates.

Meanwhile, soybean seeding is even further ahead of its average pace. Both crops are going into the ground at a rate that investors had estimated, for this week.

CORN

In its Weekly Crop Progress Report Monday, the USDA rated corn planting at 62% complete vs. a 63% five-year average

Illinois, the second-largest U.S. corn-growing state, has 90% of its corn crop in the ground, compared with a 70% five-year average.

Iowa, the No. 1 corn-growing state, had 65% of its corn planted as of Sunday, compared with a 70% five-year average.

Minnesota farmers have 40% planted, compared with 9% last week.

USDA pegged 28% of the corn crop as emerged vs. 27% five-year average.

SOYBEANS

In its report, USDA pegged the U.S. soybean crop as 35% planted vs. a 26% five-year average.

Iowa has 33% of its soybean crop in the ground, up from a 28% five-year average. Illinois’ soybean planting pace reached 66% vs. a 24% five-year average. Minnesota farmers remain behind the most, with just 11% planted vs. the five-year average of 37%.

USDA pegged soybean emergence at 10% vs. a 6% five-year average.

WHEAT

U.S. winter wheat crop is pegged as 36% good/excellent vs. 34% a week ago.

USDA reported that only 58% of the U.S. spring wheat has been seeded vs. a 67% five-year average.

 

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