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USDA Shows that Slowly but Surely Crop Progresses

USDA Shows that Slowly but Surely Crop Progresses

While there are acres still to plant, USDA reports what's in the ground is getting some traction.

In corn country, the condition of the crop is 67% good to excellent, for what's been planted. And so far about 3% of this year's crop has silked, versus a 9% five-year average. The latest USDA Crop Report shows that what corn is in the ground seems to be faring well.

As for soybeans, USDA reports about 96% of the crop is in versus a 98% five-year average. Farmers are working to catch up with states like Iowa at 96% planted for soybeans. About 91% of the soybean crop has emerged. and of that 67% is rated good to excellent, which is an improvement over last week.

NOT TO TASSEL YET: But 3% of the U.S. corn crop is silking, well behind average.

Meanwhile, the winter wheat harvest is progressing with 43% complete. That's about 9 percentage points behind the average. Ohio is challenged with just 3% harvested versus about 20% on average by this time of year. Kansas is at 57% about 10 percentage points behind average.

Winter wheat condition appears to be holding about steady over last week too.

Spring wheat is 93% emerged with 18% of the crop headed. Both stats are behind average but show signs of catching up. Spring wheat condition is also holding steady though amount rated good to excellent fell from 70% to 68% in the past week.

Overall, late planting has still slowed the crop. After last week's USDA report there are questions about whether or not the numbers are solid. The market will wait until fall to find out.

Keep up with crop conditions and yield estimates on the Farm Futures Statistical Tables and Charts page.

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