Farm Crisis: Corn Planting Slowest On Record For This Time Of Year
by Tyler Durden
ZeroHedge.com
Sun, 05/26/2019
American farmers have some of the most corn acres left to plant, last week, than any other date on record, reported the Crop Progress Report -written by the United States Department of Agriculture (USDA).
The USDA warned corn planting is currently at 49% complete, behind the 80% five-year average.
Highlights from the report:
Corn emerged from the ground 19% vs. 10% last week, 47% a year ago
Soybeans planted 19% vs. 9% last week and 53% a year ago
Soybeans emerged 5% vs. 24% a year ago
Spring wheat planted 70% vs. 45% last week, and 76% a year ago
Spring wheat emerged 26% vs. 10% last week and 34% a year ago
Cotton planted 44% vs. 26% last week and 50% a year ago
Winter wheat 66% g/e vs. 64% last week, and 36% a year ago
Kansas 60% g/e vs. 56% a week ago
As of last weekend, Iowa farmers had 70% of their corn planted versus the 89% five-year average. Illinois farmers had 24% of their corn planted versus the 89% five-year average. Indiana farmers had 14% planted versus the 73% five-year average. In the western Corn Belt, farmers had 70% of their corn planted versus the 86% five-year average.
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