Corn Planting Matches Last Year; Soybean Progress Runs Ahead
The USDA weekly Crop Progress snapshot shows corn planting 38% complete, level with last year and modestly ahead of the recent average, while soybean planting is at 33%, outpacing last year by 5% and the recent average by 10%. Emergence for both crops sits at 13% and futures have rallied, with corn contracts reaching multi-month highs and soybeans …