Corn and Soybean Progress Climb Higher, Wheat Continues to Fall Behind

USDA’s latest Crop Progress Report pegged corn at 72% planted and soybeans at 50%. The progress rate has climbed quickly amidst the pocket of warm days that hit much of the Corn Belt in mid-May. Corn’s progress is now 7% below the five-year average and soybeans have grown closer to the 55% five-year average.

USDA reports 39% of corn has emerged, compared to the five-year average of 51%. The report has soybeans at 21% emerged compared to 26% in the five-year average. Spring wheat continues to be significantly behind pace due to a number of nationwide weather challenges. USDA says wheat is 49% planted compared to the 83% five-year average. Wheat farmers are now starting to consider filing for Prevented Planting as opposed to planting.

Read more on crop progress here.