USDA is reporting that planted acres for both corn and soybeans are at the 2016 levels and field progress is at about the 5-year average.
As of Sunday, 84% of corn acres are in the ground and 54% have emerged. The planting pace for corn matches last year and is only 1% behind the 5-year average. Despite cool and wet weather, farmers were able to get in about 13% of their corn acres in last week.
The 54% of acres emerged is 4% behind last for this date, up 13% compared to last week and 1% behind the 5-year average.
Soybeans also had a good week for planting levels. The 53% in the ground as of May 21 matches last year’s planting pace and is 1% ahead of the 5-year average. Farmers managed to get 21% of the soybean crop in the ground last week alone.