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258998

U.S. Corn Planting Nears Average Pace, USDA Says

Soybean planting moves above halfway completed.

DES MOINES, Iowa — The U.S. corn planting pace is getting back on track with its average pace, while soybean plantings moves over the halfway point, according to the USDA’s Weekly Crop Progress Report.

Corn

As of Sunday, 84% of the U.S. corn crop had been put into the ground vs. a 85% five-year average and a trade expectation of 85%, according to Monday’s report.

USDA pegged corn emergence at 54% vs. a 55% five-year average.

Illinois and Indiana corn farmers are now behind their five-year average by 1% and 2% respectively. Iowa is 2% ahead of their five-year average.

corn-planting-may-22

See state-by-state numbers for corn planting.

Soybeans

For soybeans, 53% of the the nation’s crop has been planted, compared with 52% the five-year average.

Minnesota soybean growers are 10% ahead of their five-year average, while Illinois and Indiana are 4% and 3% behind respectively.

In its report, USDA rated the soybean crop as 19% emerged, slightly below a 21% five-year average.

Al Kluis, Kluis Commodities, says today’s report could be neutral for tonight’s corn and soybean markets.

“I expect corn to start out steady to 1 cent lower tonight. I expect soybeans to start out steady to 1 cent lower tonight,” Kluis stated in a daily note to customers Monday.

soybean-planting-may-22

See state-by-state numbers for soybean planting.

Wheat

USDA rated the U.S. winter wheat crop as 52% good/excellent, equal to a week ago, despite reports that wheat streak mosaic virus (WSMV) is becoming an issue in Kansas.

Kansas Wheat, a cooperative effort of Kansas Wheat Commission and Kansas Association of Wheat Growers, said that WSMV and related viruses, specifically High Plains mosaic and triticum mosaic, are widespread in six counties. “Many fields in this area are severely diseased and could experience more than 70% yield loss, if not a complete loss,” the Wheat Commission said. “The rest of western Kansas is dealing with high distributions of these diseases while the central region is also seeing high and moderate infection levels.” 

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