Jul 22, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Farmland Forecast

RSS By: Marc Schober, AgWeb.com

Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.

Crop Progress: Majority of U.S. Corn in the Ground

May 07, 2012

This afternoon, the USDA released its weekly crop progress report indicating almost three-fourths of the U.S. corn crop has been planted.

 

As of May 7, 2012, the 18 primary corn producing states have planted 71% of the U.S. corn crop, compared to 32% one year prior. 17 of the 18 states have planted more than their five-year historical average. A total of 32% of the U.S. corn crop has already emerged compared to 6% from a year ago.

 

As of the first week of May, 24% of U.S. soybeans have been planted, a 18% increase from a year ago, and a 13% increase from its five-year average.

 

The six primary spring wheat producing states have planted 84% of their crop, compared to the five-year average of only 49%, due to the favorable planting conditions.

 

Winter wheat continues to outperform 2011's conditions with 63% of the winter wheat crop in good or excellent condition; a 30% increase from last year. Winter wheat in very poor or poor condition is at 12%; a 30% decrease from one year prior.

 

Corn prices increased by 0.8% over the past week ending at $6.65 per bushel, soybean prices decreased by 2.7% over the past week ending at $14.63 per bushel, and wheat prices ended the week at $6.06 per bushel, a 6.3% decrease from last week. Year-over-year corn prices are down 2.5%, soybeans are up 10.4%, and wheat is down 16.3%.

 

For daily articles on farmland and agriculture, visit www.farmlandforecast.com 

 

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions