Crop Progress Update – 5/21/18
According to USDA, corn planting progress has approached previous year levels through the week ending May 20th while soybean planting progress finished ahead of previous year levels.
Corn:
Corn plantings as of the week ending May 20th were 81% complete, finishing slightly behind last year’s pace of 82% but equal to the five year average pace of 81%.
An additional 19% of the total U.S. corn crop was planted during the week ending May 20th. Weekly increases in corn plantings on a percentage basis were led by Vermont, followed by South Dakota and Minnesota.
The May 20th weekly increase in corn plantings of 19% was greater than the historical average seasonal increase of 15%.
Corn emergence as of the week ending May 20th was 50% complete, finishing slightly behind last year’s pace of 51% but ahead of the five year average pace of 47%.
Soybeans:
Soybean plantings as of the week ending May 20th were 56% complete, finishing ahead of last year’s pace of 50% and the five year average pace of 44%.
An additional 21% of the total U.S. soybean crop was planted during the week ending May 20th. Weekly increases in soybean plantings on a percentage basis were led by Minnesota, followed by Nebraska and Iowa.
The May 20th weekly increase in soybean plantings of 21% was greater than the historical average seasonal increase of 17.2%.
Soybean emergence as of the week ending May 20th was 26% complete, finishing ahead of last year’s pace of 17% and the five year average pace of 15%.