Corn and Soybean Planting Progress a Bit Slower Than Expected

Posted on Tue, 05/26/2020 - 15:56

Corn planting advanced eight percentage points over the past week to 88% complete, as rains slowed efforts a bit more than anticipated. Analysts polled by Reuters expected USDA to report planting was 90% complete as of Sunday. But progress is still ahead of 82% complete for the five-year average.

How many acres in North Dakota will be claimed as prevent-plant (PP) or switched to beans has been a hot topic. Today’s update shows North Dakota farmers pushed planting an impressive 34 points to 54% complete, though that was still 25 points behind the five-year average. Based on planting intentions of 3.2 million acres, that signals nearly 1.5 million acres had yet to be seeded as of Sunday. The final PP insurance data for much of the state was May 25.

Illinois had 89% of the crop in as of Sunday (82% on average), with Indiana at 80% planted (69%), Iowa at 97% (91%), Kansas at 87% (81%), Minnesota at 98% (88%), Nebraska at 97% (89%) and South Dakota at 86% (74%).

USDA says 64% of the corn crop was emerged as of Sunday, which was six points ahead of the average for this point in the season.

There was a bit of a surprise as USDA issued its initial crop condition rating of the season (it did not indicate this would be coming in last week’s report). It rated 70% of the crop in “good” to “excellent” (G/E) condition. Last year, USDA rated 59% of the crop in G/E condition in its initial update — but that update came on June 10. 

 

This week

Last week

Year-ago

Very poor

1

NA

NA

Poor

4

NA

NA

Fair

25

NA

NA

Good

58

NA

NA

Excellent

12

NA

NA

 

Soybean planting also falls short of expectations, but still well ahead of average

Soybean planting advanced 12 points to 65% complete the week ended May 24, which was four points slower than analysts surveyed by Reuters expected on average. The five-year average is for planting to be 55% complete at this point in the season. Once again, progress is quite a bit more advanced in the western Belt than the eastern Corn Belt, though most primary producing states are running ahead of the norm.

Illinois has planted 65% of its intended acres (56% on average), with Indiana at 66% planted (48%), Iowa at 92% (64%), Minnesota at 88% (70%), Missouri at 39% (40%), Nebraska at 89% (62%), North Dakota at 53% (44%) and South Dakota at 62% (47%).

USDA reports that 35% of the U.S. soybean crop has emerged versus 27% for the five-year average.

Rains slow cotton planting in Texas

Cotton planting advanced to 53% complete as of Sunday, which is right in line with the five-year average and a nine-point gain from last week. Texas has seeded 50% of its intended acres, which was just a four-point gain for the week but still nine points ahead of the five-year average. Rains slowed efforts but were generally welcome due to the recent drying trend.

Aggressive spring wheat planting over the past week

Farmers took advantage of a generally open stretch of weather over the past week to push spring wheat planting 21 points ahead to 81% complete, though that’s still nine points behind the five-year average. This was more aggressive than the 77% complete analysts surveyed by Reuters anticipated. Of note, North Dakota advanced planting 29 points to 70% complete (88% on average), with Minnesota and Montana also making big strides over the past week. Also of note, USDA reports 51% of the spring wheat crop has emerged, which is 14 points behind the average for this point in the season.

Winter wheat rating improves a bit more than expected

As of Sunday, 68% of the U.S. winter wheat crop was headed, which was four points behind the five-year average. Much of the Plains received welcome rain over the past week, which helped crop condition ratings improve two points to 54% G/E. Analysts expected a one-point improvement.

 

This week

Last week

Year-ago

Very poor

5

5

2

Poor

11

11

7

Fair

30

32

30

Good

46

44

48

Excellent

8

8

13