News

US futures plunged

Wheat
Maize (Corn)
Soybean
United States
Published May 31, 2023

Original content

Grains and soybeans were lower in overnight trading as planting nears completion in some states and wheat conditions improve. About 92% of the US corn crop was planted at the beginning of the week, the Department of Agriculture said in a report postponed due to Memorial Day. That represents an 81% increase from the previous week and above the previous five-year average of 84%, the USDA said. Seventy-two percent of the crop was up on Sunday, up from 52% last week and an average of 63% for this time of year. About 83% of soybeans were planted on Sunday, up from 66% the previous week and the usual 65%, the government said. Fifty-six percent of the crop had emerged, up from 36% seven days earlier and an average of 40%. Eighty-five percent of US spring wheat was planted versus 64% the week before, but just behind the 86% average. About 57% emerged earlier in the week, compared with 32% seven days earlier and an average of 59%, the USDA said. Rains in the southern plains, where hard red ...
Source: Agrolink
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