Economy

One-Third Of Iowa Corn Crop Was Planted In One Week

One-Third Of Iowa Corn Crop Was Planted In One Week

"That makes the June 30 acreage report from NASS more interesting", he said.

The brisk planting pace in the week ending May 14 put producers near, or ahead of their five-year averages, which are skewed by unusually early planting starts in several recent years. The dry and warm weather also aided crop emergence. Cold temperatures caused some frost damage for corn and soybeans.

Some of the rain and regional flooding is starting to dry, said the USDA. Last week it was 27%.

More than 80% of the state has adequate soil moisture, and 82% of pastures and rangelands are in good to excellent condition. "I'm optimistic but our winter wheat doesn't look all that great and I still have to plant the spring wheat", said Hasselstrom. Forty percent of the soybean acreage has been planted, one day behind a year ago, but two days ahead of average. "Beside awful market prices, the falling numbers made past year one we'd love to forget, this sunshine helps us forget, but we'll need lots of it", he said.

However, emergence of the corn crop continues to lag in the 18 states responsible for the majority of the USA corn production, said the USDA. Corn emerged was at 47%, compared to 61% last year and the five-year average of 50%. Some guys are spraying crops that have emerged. This compared to last crop year's record production figure of 15,148 million bushels (174.6 bpa on 86.7 million harvested acres). The states that have managed to outpace last year's rate include Arkansas, Indiana, Kansas, Louisiana, Mississippi, Nebraska, Ohio and South Dakota. That said I'm not of the opinion at this time that those sales will necessarily correlate into a 20% year-on-year decrease in ending stocks.

The three states where none of the crop has emerged yet are Michigan, Minnesota and Wisconsin.

Nationally, winter wheat condition slipped two points to 51% good/excellent, with IL wheat posting another big drop, while the storm-hit Kansas crop improved a little.

The process is nearly complete in several states, including Arkansas, California, Missouri, North Carolina, Oklahoma and Texas, said the department. New-crop wheat futures climbed to 20 cents per bushel following the late season snowstorm. Similar to last week, the southwest and south-central crop reporting districts reported the largest percentages of surplus subsoil moisture.

Planting of spring wheat is ahead of average, said the department. Headed was 32 percent, near 31 past year, and ahead of 22 average.

Corn planting was 87 percent complete, 9 percentage points behind the previous year but 7 percentage points ahead of the five-year average.


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