U.S. corn planting 46% full; soybeans 24% -USDA

HomeStock

U.S. corn planting 46% full; soybeans 24% -USDA


By Julie Ingwersen

CHICAGO, Could 3 (Reuters)The U.S. Division of Agriculture (USDA) stated U.S. farmers had planted 46% of their meant corn acres as of Sunday, forward of the typical estimate of 44% in a Reuters analyst ballot.

In a report launched on Monday, the USDA stated corn planting progress was up from 17% per week earlier and effectively forward of the five-year common of 36%.

Pre-report commerce estimates from 12 analysts surveyed by Reuters for the week ended Sunday ranged from 37% to 53%.

Soybean planting was 24% full by Sunday, the USDA stated, simply behind the typical analyst estimate however forward of the five-year common of 11%.

The USDA rated 48% of the winter wheat crop in good-to-excellent situation, down 1 proportion level from the earlier week and in keeping with the typical analyst expectation.

For spring wheat, the USDA stated the crop was 49% planted, forward of each the typical commerce estimate and the five-year common of 32%.

All figures in %:

Class

Analyst common

Analyst vary

USDA final week

USDA this week

Corn planted (%)

44

37-53

17

46

Soybeans planted (%)

25

17-34

8

24

Spring wheat planted (%)

48

40-63

28

49

Winter wheat circumstances*

48

47-49

49

48

*P.c good/wonderful

(Reporting by Julie Ingwersen; Enhancing by Marguerita Choy and Peter Cooney)

(([email protected]; 1-313-484-5283; Reuters Messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.



www.nasdaq.com