It's Mid-June and 19.462 Million Bean Acres Have Yet to Be Planted

Posted on 06/17/2019 3:55 PM

USDA reported 92% of the corn crop had been planted as of June 16, a nine-point advance from last week and right in line with expectations. Planting is typically finished at this point in the season. Progress lags by the widest margin in Ohio (68% complete), South Dakota (78%), Indiana (84%), Michigan (84%), Wisconsin (87%), Illinois (88%) and Missouri (89%).

Cool, wet weather has also slowed emergence. USDA reports 79% of the crop had emerged as of Sunday, which compares to 97% for the five-year average and year-ago. Iowa has 88% of the crop out of the ground (99% for the five-year average), with Illinois at 74% (99%), Nebraska at 90% (99%), Minnesota at 87% (98%), South Dakota at 56% (97%), Kansas at 83% (96%), Indiana at 61% (95%) and Ohio at 50% emerged (95%).

As expected, USDA again rated 59% of the crop in “good” to “excellent” condition, but its “poor” to “very poor” rating edged a point higher to 10%.

 

This week

Last week

Year-ago

Very poor

2

2

1

Poor

8

7

3

Fair

31

32

18

Good

52

52

59

Excellent

7

7

19

 

Soybean planting and emergence woefully slow

Soybean planting jumped 17 percentage points over the past week to 77% complete, which was two points lighter than anticipated and 16 percentage points behind the five-year average. Based on March intentions, that signals 19.462 million acres had yet to be seeded more than halfway through June.

Once again, delays are most pronounced in the southern and eastern Corn Belt. Illinois has planted 70% of its crop (95% on average), with Indiana 64% planted (94%), Ohio 46% seeded (94%) and Missouri at 57% planted (81%). Iowa has planted 89% of its crop (98% on average), with Minnesota 94% complete (98%), North Dakota at 96% (99%), Nebraska at 91% (98%) and South Dakota at 70% planted (98% average).

Emergence lags the five-year average by an even wider margin, with 55% of the crop out of the ground as of Sunday versus 84% for the five-year average. With just over half of the crop emerged, USDA will issue its initial condition rating next week.

 

Spring wheat rating unexpectedly drops

USDA lowered the amount of spring wheat rated in “good” to “excellent” condition by four percentage points the week ended June 16 to 77%, as some major producing areas are dealing with dryness, in stark contrast to much of the rest of the Plains and Midwest. This took the crop a percentage point under last year’s 78% “good” to “excellent” rating for mid-June. The market had expected no change.

 

This week

Last week

Year-ago

Very poor

1

0

1

Poor

1

1

2

Fair

21

18

19

Good

69

73

64

Excellent

8

8

14

 

The department reports that 95% of the crop had emerged as of Sunday, just two points behind the five-year average, and 2% of the crop had headed, 10 points behind the norm. Just 1% of North Dakota’s crop was heading as of Sunday versus 6% on average.

 

Cotton planting speeds up and cotton ratings climb

Cotton planting advanced 14 percentage points over the past week to 89% complete as of Sunday, which is five points behind the five-year average pace. A very wet spring has slowed efforts. Texas producers have planted 86% of their intended acres, which if five percentage points behind the five-year average.

Nineteen percent of the crop was squaring as of Sunday, which is a percentage point more advanced than the market anticipated. That includes 17% of the Texas crop, which is three points more advanced than the five-year average.

Statisticians signal that abundant moisture is doing the crop more good than harm, as they raised the amount of cotton rated in “good” to “excellent” condition by five percentage points to 49%.

 

This week

Last week

Year-ago

Very poor

4

7

5

Poor

11

8

21

Fair

36

41

36

Good

42

37

33

Excellent

7

7

5

 

Winter wheat harvest off to a slow start

USDA reports 89% of the winter wheat crop had headed as of Sunday, which was a six-point gain from last week but six points behind the average pace. Harvest advanced just four percentage points over the past week to 8% complete, well behind 20% for the five-year average and 14% for the average trade guess. The crop was planted late and has lagged in terms of development. Rains have also slowed harvest, with more wet weather in the forecast.

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