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Crop Progress Update – 5/3/21

  • May 3, 2021May 3, 2021
  • by Belinda Przybylski

According to the USDA, corn and soybean planting progress each finished ahead of five year average levels during the week ending May 2nd. Corn planting progress finished slightly ahead of analyst expectations throughout the week however soybean planting progress finished slightly behind analyst expectations.

Corn:

Corn plantings as of the week ending May 2nd were 46% complete, finishing slightly behind last year’s pace of 48% completed but remaining ahead of the five year average pace of 36% completed. Corn planting progress finished slightly ahead of analyst expectations of 44% completed.

An additional 29% of the total U.S. corn crop was planted during the week ending May 2nd. Weekly increases in corn plantings on a percentage basis were led by Iowa, followed by Minnesota and Nebraska.

Corn emergence as of the week ending May 2nd was eight percent complete, finishing slightly ahead of last year’s pace of seven percent completed but remaining slightly behind the five year average pace of nine percent completed.

Soybeans:

Soybean plantings as of the week ending May 2nd were 24% complete, finishing ahead of last year’s pace of 21% completed and the five year average pace of 11% completed. Soybean planting progress finished slightly behind analyst expectations of 25% completed, however.

An additional 16% of the total U.S. soybean crop was planted during the week ending May 2nd. Weekly increases in soybean plantings on a percentage basis were led by Iowa, followed by Illinois and Michigan.

Soybean Complex Price & Value Update – May ’21
DDGS Price & Value Update – May ’21
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Galena, IL 61036
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