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Corn, Soybean Planting Falls Slightly Behind 2020

Corn, Soybean Planting Falls Slightly Behind 2020

For the week ending May 2, 2021, there were 6.1 days suitable for fieldwork, according to the USDA's National Agricultural Statistics Service. Topsoil moisture supplies rated 7% very short, 23% short, 68% adequate and 2% surplus. Subsoil moisture supplies rated 11% very short, 26% short, 62% adequate and 1% surplus.

Field Crops Report:

Corn planted was 42%, behind 55% last year, but ahead of 36% for the five-year average. Emerged was 2%, behind 8% last year and near 5% average.

Soybeans planted was 20%, behind 29% last year, but ahead of 12% average.

Winter wheat condition rated 6% very poor, 12% poor, 40% fair, 39% good and 3% excellent.

Sorghum planted was 1%, behind 6% last year and near 2% average.

Oats planted was 92%, ahead of 86% last year and 80% average. Emerged was 73%, well ahead of 53% last year and 50% average.

Pasture and Range Report: Pasture and range conditions rated 6% very poor, 16% poor, 37% fair, 37% good and 4% excellent.

Source : unl.edu

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.