U.S. CORN PLANTING PACE PICKS UP, REMAINS SHARPLY BEHIND

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DES MOINES, Iowa — U.S. corn farmers remain over halfway behind five-year average planting pace, and behind the trade’s expectations.

In its Crop Progress Report Monday, the USDA pegged U.S. corn planting at 30% complete, behind the 66% five-year average.

The trade expected a completion rating of 35%.

CORN

As of Sunday, Iowa farmers had 48% of that state’s corn crop planted vs. a 76% five-year average. Illinois farmers have 11% of their corn seeded, behind a 82% five-year average. Nebraska farmers have just 46% of their corn planted vs. a 72% five-year average.

Also, 10% of the U.S. corn has emerged vs. a 29% five-year average.

SOYBEANS

In its report, the USDA pegged the U.S. soybean planting completion rate at 9% vs. a 29% five-year average.
Iowa has 13% of its soybean crop in the ground, while Illinois has 3% of its crop seeded vs. a 34% five-year average. Nebraska soybean growers have 20% of their crop in the ground vs. a 32% five-year average.

WHEAT

In its report, the USDA pegged the U.S. spring wheat crop as 10% emerged vs. a five-year average of 34%.

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