While all of the corn crop is still not planted, the first U.S. soybean crop condition rating of the year is sharply below a year ago’s rating.
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Corn
In its Crop Progress Report Monday, the USDA pegged U.S. corn planting at 96% complete, behind the 100% five-year average. New York is 75% planted behind last year’s 93% at the same time.
The planting rate is below what the trade had expected.
In its report, the USDA pegged the corn crop as in 56% good/excellent condition, below last week’s 59% rating.
As of Monday, New York’s corn crop was rated 38% good, 16% excellent.
Also, 55% of NY corn has emerged vs. a 82% five-year average.
Soybeans
In its report, the USDA pegged the U.S. soybean planting completion rate at 85% vs. a 97% five-year average. New York is 66% planted this week vs. 92% last year and 86% 5 year average.
The nation’s crop is rated as 54% good/excellent vs. a 73% rating at this time a year ago. New York is rated 41% good, 12% excellent.
Also, 35% of the NY soybean crop has emerged vs. 68% five-year average.
Wheat
The USDA pegged the NY winter wheat heading at 75% vs. 80% last year.
