This week’s Crop Progress report from USDA shows 96% of all U.S. corn is planted, up 4% from last week and maintaining 5% ahead of the five-year average. Additionally, the agency pegs corn emergence at 85%, 13 points higher than last week and 8% higher than the five-year average. However, thanks to ongoing dry conditions throughout the Corn Belt, USDA rates 6% of emerged corn as poor/very poor, 1% higher than last week.
Soybeans are keeping pace, as well, with 91% of the crop in the ground, 8% ahead of last week and a whopping 15% higher than the five-year average. USDA pegs soybean emergence at 74%, 18% higher from last week and the five-year average. Similar to corn, USDA rates emerged soybeans as 7% poor to very poor.
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