Tuesday, May 31, 2022

Ag Futures—USDA Weekly Crop Progress Report: When Normal Equals Bearish

The big three crops saw their prices crumble: July corn down 23-6; soybeans down 49-0 and wheat down 70-0.

From AgWeb:

Corn and Soybean Planting Progress Hit Average Pace

After a historically slow start, corn and soybean planting progress have both reached average paces.
As of May 29, U.S. corn planting sits at 86% complete, according to USDA. That’s up from 72% planted a week ago and in line with the five-year average of 87% planted by late May.

Corn Planting Progress

Now only four states are behind average in terms of corn planting pace. Those include:

  • North Dakota: 27%
  • Minnesota: 10% behind
  • Pennsylvania: 10% behind
  • Colorado: 2% behind

....MUCH MORE

 Crop Progress Report home