As noted earlier today, the USDA came out with the planting progress report as of Sunday May 20th and things are looking better despite the slow start to the planting of the 2018 crops.
Corn planting progress was reported at 81% complete as of Sunday, now matching the average pace and 1% behind last year. The crop was also shown at 50% emerged, moving ahead of the average 47%.
U.S. producers are now 12% ahead of the average pace for soybean planting progress at 56% complete. The crop was also 25% emerged, with the normal pace at 15% for this date in time.
The USDA’s report indicated that the winter wheat crop was 61% headed on Sunday vs. the average 64%. Condition ratings showed stead at 35% gd/ex (Good/ Excellent). Planting of the spring wheat crop tallied at 79%, just 1% behind the normal pace. The spring wheat crop was 37% emerged, with the average at 37%, right on schedule.