Plantings Increasing at a Slow Pace

Posted by Brian Gould Wed, 21 May 2008 11:50:00 GMT

According to USDA, for the week of May 18, 73% of this year’s corn crop was planted, up from 51% the prior week. This is still below the 5-year average of 88% for this date. Only about 26% of the corn has emerged so far, vs. a 5-year average of 56%. For soybeans, 27% have been planted, compared with a 5-year average of 47%.