Sep 21, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

AgDay Blog


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: Planting Already Behind Schedule

Apr 18, 2011

Today, the USDA released its weekly planting progress report. Progress in corn planting is well behind last year’s record pace, with 4% of the crop being planted last week, 7% of the corn crop is already in the ground for the 18 primary producing states. This compares to a 5 year historical average of 8% in similar time periods, and 2010’s estimate of 16%.

The winter wheat crop is still in much worse condition than last year at this time. Of the 2011 crop, only 36% is in excellent or good condition, compared to 69% one year ago. In 2010, 6% of the winter wheat crop was in poor or very poor condition while 38% is in such condition at this time in 2011.

Cotton planting progress is at 9%, which is slightly lower than the 5 year average for the week of 12%. Spring wheat planting is well behind the 5 year historical average with only 5% of the 2011 crop planted compared to the historical average of 12% by the third week in April.

Corn prices decreased 3.3% over the past week ending at $7.51 per bushel, soybeans were also down 2.6% to $13.44 per bushel, and wheat ended the week down 3.0%, closing at $7.75 per bushel. Crop prices decreased because of the speculation around central banks increasing interest rates to battle inflation. Year-over-year corn prices are up 116%, soybeans are up 37.7%, and wheat is up 66%. Next week, we will look forward to reporting USDA estimates of emerged corn, along with the usual planting progress.

Read more about agriculture and farmland at http://farmlandforecast.colvin-co.com.

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
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