(USDA) U.S. farmers are making rapid progress with spring planting, as both corn and soybean seeding continue at a faster-than-average pace despite some wet conditions across parts of the Midwest.
According to the latest crop progress report from the U.S. Department of Agriculture, 25% of the nation’s corn crop had been planted as of April 26. That marks a significant jump from 11% the previous week and comes in ahead of both last year’s 22% pace and the five-year average of 19%. Corn emergence is also off to a strong start, reaching 7%, which is above normal for this point in the season.
Soybean planting is also running well ahead of schedule. The USDA reports 23% of the crop has been planted, up from 12% the week prior. That figure surpasses last year’s 17% and nearly doubles the five-year average of 12%. Soybean emergence is currently at 8%.
While planting progress has been encouraging, winter wheat conditions remain a concern. Just 30% of the crop is rated in good to excellent condition, while 35% is considered fair and another 35% is rated poor to very poor.
Market analysts note that the strong pace of planting could put pressure on grain prices if favorable weather conditions continue.
