The USDA released the weekly Crop Progress Report and farmers made good planting progress this past few weeks.
The report indicates that the U.S. corn crop is nearly planted and if the first condition rating of the season is accurate, the crop is in great shape.
As of Sunday, 95% of corn is planted, compared to 90% this time last year and the five year average of 94%, and 80% of the crop has emerged, matching that average. 76% of corn is rated good to excellent, compared to 63% a year ago.
78% of soybeans are planted, compared to 55% last year and 70% on average, and 50% has emerged, compared to 45% on average.
79% of the winter wheat crop has headed, compared to 78% on average, with 30% rated good to excellent and 44% called poor to very poor, both unchanged on the week. 88% of spring wheat is planted, compared to 58% a year ago and 88% on average, with 67% emerged, compared to 72% on average.
50% of U.S. pastures and rangelands are in good to excellent condition, up 4% on the week.
Here is the link to the full USDA Crop Progress Report.
http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-06-02-2014.pdf
In the first two weeks of June, NASS will gather information about this season’s crop production, supplies of grain in storage and livestock inventory. The information will help producers, suppliers, traders, buyers and others make informed business decisions. The results will be available beginning
June 27 in the Hogs and Pigs report and June 30 in the Acreage and Grain Stocks reports.