Planting progress and implications for corn and soybean acreage

"Fields started to dry as the week progress and more widespread corn planting started to get underway".

USA growers planted 11% of their corn crop in the week to Sunday - equivalent to almost 10m acres, an area the size of Switzerland - as a break in Midwest rainfall allowed them to play catch-up after a rain-slowed starting to the planting season.

Chicago Board of Trade (CBOT) agriculture grains futures finished lower Wednesday with Corn futures falling more than 1% on forecasts for better Midwest planting weather. The state continued to receive some rain, with eastern counties receiving 1 to 2 inches. The four year average for this week shows that 4 percent has emerged nationwide.

There were 3.8 days suitable for fieldwork in the week ending April 23.

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Farmers only had 6% of the state's total corn acres planted by Easter, that was 7 percentage points below the state's five-year average.

Statewide, the average termperature was 58.5 degrees, 3.4 degrees above normal.

Stock water supplies rated 1 percent very short, 12 short, 86 adequate, and 1 surplus.

Soybean planting, at 4 percent, was slightly ahead of the 1 percent average.

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Rainfall in Kansas is greening pastures and helping winter wheat, but delaying corn planting. "The additional moisture continued to aid wheat development", the Kansas report said.

Hay and roughage supplies - 95 percent adequate or surplus and 5 percent short or very short.

Past data suggests if planting and emergence are delayed by the time each should be reaching their halfway marks, summer weather needs to be near-perfect to observe good corn yields (http://reut.rs/2q3QelB). About 16 percent is in poor to very poor condition. At the beginning of the week, 54% of crops were in good and excellent conditions (53% the previous week and 57% last year). Louisiana was furthest along, at 79%, followed by Texas at 65%.

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