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U.S. Corn Planting Nearly Finished; Soybeans at 78%

U.S. Corn Planting Nearly Finished; Soybeans at 78%

Spring wheat planting at 88% to match average pace, according to latest USDA crop progress report

U.S. corn planting advanced to 95% as of Sunday, up from 88% a week earlier and one point ahead of the five-year average, and the 80% that was emerged was rated 63% good to excellent, USDA said on Monday.

The USDA crop progress report put soybean planting at 78%, up 8% from the five-year average, while 50% of the crop was emerged, compared with the 45% average.

Farm Futures expected corn to be 94% planted and 80% emerged, and soybeans 75% planted and 47% emerged.

In Iowa, the leading corn and soybean state, corn was 99% planted and 89% emerged while soybeans were 94% planted and 63% emerged. The state had thunderstorms nearly every day to put topsoil moisture at 84% adequate to surplus.

U.S. corn planting advanced to 95% as of Sunday, up from 88% a week earlier.

Chicago December corn futures have dropped about 9% since May 1as it became apparent the crop would be planted on time. After a sharp upward spike near mid-month, new-crop November soybeans are up slightly from May 1 at $12.29-3/4 per bushel.

Winter wheat 70% headed
Condition of winter wheat in the central and southern Plains was about unchanged with 5% rated excellent, 25% good, 26% fair, 22% poor and 22% very poor, versus 6%, 24%, 26%, 22%, and 22% the previous week.

Wheat in Kansas, Oklahoma and Texas continued to struggle, with Texas wheat rated 64% poor to very poor, Oklahoma 78%, and Kansas 62%.

Soft red winter wheat has fared better than hard red winter with Illinois wheat at 67% good to excellent, Indiana at 70%, and Ohio at 64%. 

USDA did not issue a harvest report on winter wheat, but sources in central Texas last week estimated 10% to 15% of the wheat in that region was harvested before rain halted the combines.

Overall, 79% of the winter wheat was headed, versus the 78% average.

Spring wheat was 88% planted and 67% emerged, versus the averages of 88% and 72%. North Dakota, the top producer, advanced to 83% planted and 51% emerged compared with the averages of 81% and 61%.

Cotton planting advances to 74%
Cotton planting increased to 74% to trail the 81% average. Five percent was squaring versus the 6% average.  California and Arkansas were 99% planted, while Texas, the largest cotton producer, was 62% versus the 75% average.

Oats were 95% planted, 86% emerged and 32% headed, compared with the 97%, 90% and 34% averages. Sorghum was 56% planted versus the 57% average. Rice was 89% emerged versus the 86% average and rated 69% good to excellent versus 67% the previous week and 61% a year ago.

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