The U.S. corn planting pace is slightly behind the five-year pace, according to the USDA.
On Monday, the USDA also released its first 2020 Cop Progress Report that includes soybean planting ratings.
CORN: U.S. farmers have 7% of the corn crop in the ground, below five-year average of 9%.
SOYBEANS: USDA rated the nation’s soybean planting completion rate at 2% vs. a 1% five-year average.
WHEAT: USDA rated the U.S. winter wheat crop as 57% good/excellent, lower than 62% a week ago. Also, 14% of the crop is headed, below the 15% five-year average.
Read the full report here.
