U.S. PLANTINGS ARE ON A SLOW BOAT TO CHINA.
U.S. corn farmers are still trying to get to the three-quarters planted mark, continuing their slowest pace on record.
In its Crop Progress Report Monday, the USDA pegged U.S. corn planting at 67% complete, behind the 96% five-year average.
Some in the trade expected a completion rating of 70%. This would suggest 27 million acres of corn will be planted the first time in the month of June, and possibly 1 to 2 million acres of corn will need to be replanted in June, according to Kluis Advisors’ records.
As of Sunday, Iowa farmers had 80% of that state’s corn crop planted vs. a 99% five-year average. Illinois farmers have 45% of their corn seeded, behind a 98% five-year average. Indiana has 31% planted vs. a 94% five-year average. In the eastern Corn Belt, Nebraska farmers have 88% of their corn planted vs. a 98% five-year average.
Also, 19% of the U.S. corn has 46% emerged vs. a 84% five-year average.
In its report, the USDA pegged the U.S. soybean planting completion rate at 39% vs. a 79% five-year average.
Iowa has 41% of its soybean crop in the ground compared with an 89% five-year average. Illinois has 21% of its crop seeded, compared with an 84% five-year average. Indiana soybean growers have 17% of their crop in the ground vs. an 80% five-year average.
Also, 19% of the U.S. soybean crop has emerged vs. 56% five-year average.
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