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Almost 5 percent of the U.S. corn crop has emerged according to a new report

Highlights include the fact that 68 percent of Texas corn is planted

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Almost 17 percent of U.S. corn crop is planted, according to the United States Department of Agriculture’s (USDA’s) Weekly Weather and Crop Bulletin report for the week of April 17-23.

The number is down only 1 percent from the five-year average.

Texas has the most corn planted, according to the data in the report, with 68 per cent of the crop in the field. North Carolina has planted 63 per cent of its corn and Missouri producers have seeded 46 per cent of the state’s corn crop.

A total of 4 per cent of the national corn crop has emerged, according to the report. And 68 per cent of Texas’s corn has emerged.

Soybeans
As of April 23, farmers have planted 6 per cent of the U.S. soybean crop, which is up 3 per cent from the five-year average.

Mississippi and Louisiana have the largest recorded plantings at 60 and 59 per cent, respectively.

Winter Wheat
32 percent of the winter wheat crop planted by American producers has headed according to the USDA. This figure which represents a 9 per cent increase over the five-year average.

Arizona and California lead the way with 96 and 90 per cent, respectively, of their winter wheat crops headed.

45 per cent of the winter wheat is in good condition, says the USDA report. Another 9 per cent is deemed excellent.

Spring Wheat
Producers have planted 22 percent of the spring wheat crop, which is down from a five-year average of 34 per cent. On a state level, South Dakota farmers have planted 75 per cent of their crop.

Only 5 per cent of the crop emerged as of April 23, down from a five-year average of 8 per cent. In comparison, 32 percent of South Dakota’s spring wheat crop has emerged.

Fieldwork Days
The top three states, in terms of weekly days suitable for fieldwork as of April 23, were:

1)    Alabama – 7

2)    New Mexico – 6.7

3)    California – 6.6

The three states with the fewest number of suitable fieldwork days were:

1)    Maine – 1.4

2)    Minnesota – 2.2

3)    Michigan – 2.5

Weekly Precipitation Levels as of April 22

State

Precipitation (in inches)

Weather Station

Illinois

0.83

Springfield

Indiana

2.94

Evansville

Iowa

1.00

Burlington

Kentucky

2.99

Paducah

Michigan

1.37

Alpena

Missouri

4.17

Springfield

New York

2.37

Binghamton

Ohio

2.40

Cleveland

Pennsylvania

2.08

Williamsport

Tennessee

5.43

Nashville


The next Weekly Weather and Crop Bulletin is scheduled for release on Tuesday, May 4.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.