The USDA released its weekly crop progress report on Monday and it confirmed lack thereof of progress with planting. The featured map presents the USDA estimated corn acres planted percentage along with a departure from 10 year average expressed in percentage points. The western corn belt is way behind due to cold temperatures and now wet conditions. It is only the first week of May, so there is still time yet to get the crops in before significant yield penalties occur for a late planted crop. The near term forecast is not very optimistic for planting progress to be made this week and while next week looks warmer, it may be stormy as well.

Voting:
Good = 16
Bad = 1

Tags:   nass