Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.
Crop Progress: 2013 Planting Almost Complete
Jun 25, 2013
Corn planting progress in the top 18 corn producing states now finished, as farmers now fill their fields with soybeans. Farmers have done tremendous work catching up to this average due to the setback from the heavy rains. However winter wheat is in poor conditions.
As of June 23, 2013 corn that has emerged was at 96%, down 3% from the five year average and down 4% from the previous year. Corn conditions were 8% of the crop was in poor or very poor conditions, markedly better than 14% the previous year. And corn in good or excellent conditions was 65%, compared to 56% last year.
Soybeans planted were at 92%, behind the five year average of 95%. Last year at this time, 98% of soybeans had emerged, but only 81% have emerged as of June 23, 2013. Soybeans in poor or very poor conditions are 7%, compared to 15% last year. Soybeans in good or excellent condition are 65% compared to only 53% last year.
Winter wheat conditions were 43% of the crop in poor or very poor condition compared to only 17% at the same time last year. Winter wheat in good or excellent condition was 32%, compared to 54% last year. This year 95% of winter wheat has headed, close to the 97% that had headed at this time last year. Harvesting began two weeks ago, with 20% of wheat currently being harvested compared to 63% at the same time last year.
Spring wheat is 96% planted, compared to the five year average of 99% planted by this time. Of the planted wheat, 90% has emerged, compared to the five year average of 97%. Spring wheat conditions were 5% of the crop in poor or very poor condition compared to 4% at the same time last year. Spring wheat in good or excellent condition was 70%, compared to 77% last year.
The July corn contract decreased 2.25% over the past week ending at $6.53 per bushel, soybean prices remained the same over the past week ending at $15.12 per bushel, and wheat prices ended the week at $6.79 per bushel, a $0.01 decrease from last week. Year to year corn prices are up 3.5%, soybeans are up 2% and wheat is down 6.2%
For daily articles on farmland and agriculture, visit www.farmlandforecast.com.