Jul 24, 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.

Weekly USDA Crop Progress: 50% of corn already planted

Apr 27, 2010

Yesterday, the USDA released its weekly planting progress report. Progress in corn planting is still significantly above last year’s pace, with 31% of the crop being planted last week, 50% of the total corn crop is already in the ground for the 18 primary producing states. This compares to a 5 year historical average of 22% in similar time periods, and 2009’s estimate of 20%.

 

This week, the USDA included estimates of corn emergence. 7% of the 2010 crop has already emerged in the primary producing states, which is above both the 5 year historical average of 5% and the 2009 estimated of 2%.

 

The winter wheat crop is in better condition than last year at this time. Of the 2010 crop, 69% is still in excellent or good condition, compared to 45% one year ago. Still, only 6% of the crop is in poor or very poor condition. 14% of the winter wheat is headed, while 21% is the 5 year historical average this week.

 

Spring wheat planting has outpaced its 5 year historical average as well. Of the six primary producing states, 43% of the crop has been planted while only 27% is the historical average for the week.

 

Corn prices increased 1.4% over the past week ending at $3.52 per bushel and soybeans were up 2.2% to $9.98 per bushel. Year-over-year corn prices are down 5.7% and soybeans are off 0.7%.

 

Next week we will look forward to reporting USDA estimates of planted soybeans, along with the usual planting progress.

Remember to visit Farmland Forecast (farmlandforecast.colvin-co.com) for your daily update on news and research about agriculture and farmland.

Log In or Sign Up to comment

COMMENTS

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

Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
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