You are here
U.S. corn and soybean crops are progressing well, USDA reports
INDIANOLA, Iowa — The U.S. corn crop is rated higher than its average and soybeans are doing well too, according to the USDA Monday.
On Monday, the USDA released its Crop Progress Report showing U.S. farmers have 93% of the corn crop in the ground, ahead of a five-year average of 89%, but below the trade’s expectation of 95%.
Meanwhile, 78% of the nation’s corn has emerged vs. a 73% five-year average.
In its report, the USDA estimates the corn good/excellent rating at 74%, up from 70% a week ago.
USDA rated the nation’s soybean planting completion rate at 75% vs. a 68% five-year average, but below the trade’s expectation of 77%.
Meanwhile, 52% of the U.S. soybean crop has emerged vs. a 44% five-year average.
In its first grade of the season, the USDA estimates the soybean good/excellent rating at 70%.
In its report Monday, the USDA rated the U.S. winter wheat crop is 77% headed vs. an 81% five-year average.