Grain Express 05/10/22
Posted: May 10, 2022, 9:04 a.m.
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Corn (July)
Fundamentals: Yesterday’s weekly Crop Progress report showed that the U.S. corn crop is just 22% planted, 28% behind the average pace. Big laggards in the I states have drawn some concern by some. Illinois is just 15% planted, 43% behind average. Indiana is 11% planted, 28% behind average. Iowa is 14% planted, 49% behind average. It looks like the forecast should allow for some of those areas to play catchup in the coming days/week.
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Soybeans (July)
Fundamentals: Yesterday’s weekly Crop Progress report showed that the U.S. soybean crop is 12% planted, about half of the normal pace for this time of year. Iowa is the biggest laagered at just 7% planted, 27% behind the average pace. Illinois and Indiana are 19% and 17% behind average.
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Wheat (July)
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