Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.
Crop Progress: Corn Planting Complete and Conditions Improving
Jun 17, 2013
Corn planting in the top 18 corn producing states finished over the past week as farmers now look to complete soybean planting. A slow start to the planting season due to excessive rainfall will draw attention to crop conditions throughout the growing season.
As of June 16, 2013 corn that has emerged was at 92%, down 5% from the five year average and down 8% from the previous year. Corn conditions were 8% of the crop in poor or very poor condition, a percentage point lower than the previous year. Corn in good or excellent condition was 64%, compared to 63% last year.
Soybeans planted were at 85%, behind the five year average of 91%. Last year at this time, 94% of soybeans had emerged, but only 66% have emerged as of June 16, 2013. Soybeans in poor or very poor condition weas 6%, compared to 12% last year. Soybeans in good or excellent condition were 64%, compared to only 56% 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 31%, compared to 54% last year. Last year at this time 94% of winter wheat had headed and 89% have headed so far this year. Harvesting just began last week, with 11% of the wheat being harvested compared to 51% last year at this time.
Spring wheat was 92% planted, compared to the five year average of 97%. Of the planted wheat, 84% has emerged, compared to the five year average of 94%. Spring wheat conditions were 5% of the crop in poor or very poor condition compared to 3% at the same time last year. Spring wheat in good or excellent condition was 68%, compared to 76% last year.
The July corn contract increased 2.8% over the past week ending at $6.68 per bushel, soybean prices increased by $0.01 over the past week ending at $15.12 per bushel, and wheat prices ended the week at $6.80 per bushel, a 1.3% decrease from last week. Year to year corn prices are up 11.5%, soybeans are up 9.2% and wheat is up 7.9%.
For daily articles on farmland and agriculture, visit www.farmlandforecast.com.