Corn planting made impressive progress this week, advancing by 11 percentage points from last week’s report to 76% as of May 15. This progress is 5% ahead of the five-year average but 7% behind last year’s pace.
The USDA’s latest Crop Progress report showed a true mixed bag in the Northern Corn Belt:
Ahead of the recent cold snap, 43% of corn had emerged putting the pace slightly (5 percentage points) behind last year’s report but well-above last week’s report of 27%. The weather has been enough to worry at least some of the nation’s farmers:
— Charles Wildman (@standingoaks) May 16, 2016
The USDA also showed soybean planting at 36%, compared to 41% last year and the five-year average of 32%. The Eastern Corn Belt generally showed the slowest progress when compared to last year:
Emerged soybeans at 10% are on-par with both the pace from last year and the five-year average.