May 23, 2012


US corn crop moves ahead wheat, soy plantings



US cornfields are in its best shape since 2007 after warm, dry weather led to early planting and recent rains gave plants a good start, whereas soy and wheat sowing moved closer to completion, the government stated.


About 77% of the corn was in good or excellent condition as of yesterday, the USDA said today in its first assessment of this year's crop. An estimated 96% was planted, compared with 87% a week earlier, 75% a year earlier and the previous five-year average of 81%. About 76% of the seeds had emerged from the ground, up from 56% a year ago and the prior five-year average of 48%, the USDA said.


About 76% of the soy crop was planted, compared with 46% a week earlier and the previous five-year average of 42%, the USDA said. Plant emergence rose to 35% from 10% a year earlier.


Farmers had sown 99% of the spring-wheat crop as of yesterday, up from 94% a week earlier, the department said. The average for the date for the previous five years is 78%.


The winter-wheat crop was rated 58% good or excellent, compared with 60% a week earlier and 32% a year earlier, after dry, hot weather stunted growth from Texas to Montana, the USDA said.