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Corn Planting Remains Ahead of Average; Quick Start for Soybeans

US corn planting remained ahead of the average pace this past week, while soybeans are off to a quick start as well. 

Monday’s USDA crop progress report showed nationwide corn planting at 6% complete as of Sunday. That is up 3 points from the previous week and a single point ahead of the five-year average but fell 1 point behind the average trade guess. Last year at this time, 7% of the US crop was in the ground. 

Meanwhile, in its first report on 2024 soybean planting progress, the USDA said 3% of the American crop was in, matching the year-ago pace and 2 points ahead of average. 

Corn planting in the top production state of Iowa was reported at 4% done as of Sunday, 1 point behind last year but 2 points ahead of the state average. Illinois planting advanced a single point from the prior week to reach 3% done as of Sunday, 4 points behind last year but 1 point ahead of average. The Indiana corn crop was 1% planted, versus 2% for last year and the five-year average. 

No corn planting was yet reported in North Dakota, Michigan, or Ohio. 

For soybeans, the Illinois crop was 4% planted, up 2 points from the previous week, 1 point ahead of last year and 3 points ahead of average. At 2% complete, Iowa soy planting was on par with last year and 1 point ahead of average. No planting had yet occurred in Indiana, compared to 1% for last year and the average. 

No planting was also yet reported in Michigan and Ohio, versus 1% last year and 1% on average, respectively. 

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