(Posted Mon. Apr 25th, 2016)
Corn planting surged even further ahead of the five-year average last week according to a report released today by the U.S. Department of Agriculture. With 30 percent of total corn acres planted by April 24, progress surpassed the five-year average for this point by 14 percentage points, ten percentage points further ahead of the average than this time one week ago.
Progress surpassed the five-year average by 50 percentage points in Missouri, with Iowa and Minnesota both more than 30 percentage points planted over the five-year average as well. Only Texas lagged behind the five-year average by more than five points.
The USDA also released its first forecast of the percentage of corn emerged this week. While planting ran far ahead of the five-year average, the percentage of the corn crop emerged surpassed the five-year average by only one percentage point. Again, Missouri saw progress the furthest ahead of the average, with 24 percent of corn acres emerged. The state normally sees only ten percent emergence by this point.
To view the full report released today, click here.