USDA Reports 7% Of Corn, 3% Of Soybeans Planted, Well Behind 5-Year Average

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Cool, wet weather in some key U.S. growing areas continues to impact corn and soybean planting.

The USDA says 7% of U.S. corn is planted as of Sunday, compared to the five-year average of 15%, and 2% has emerged, compared to 3% on average.

3% of soybeans are planted, compared to 5% normally in late April.

27% of U.S. winter wheat is in good to excellent condition, 3% lower than last week largely due to drought conditions in parts of the Plains, with 11% of the crop headed, compared to the usual rate of 19%.

13% of spring wheat is planted, compared to 15% on average, with 2% emerged, compared to the typical pace of 4%, with cold temperatures and snow a factor in portions of the northern U.S. Plains.

12% of cotton is planted, compared to 11% on average, mainly due to the faster than normal rate in California.

Weather in the Delta is delaying rice planting, with activity at 26% complete, compared to the five-year average of 47%, and 19% of the crop has emerged, compared to usual pace of 28%.

The USDA’s next set of supply, demand, and production numbers is out May 12th.