crashtagteamracingswitch| U.S. soybean planting progress is 52% exceeding market expectations
editor 2024-05-22 10:25:08 Finance 24
Source: China Grain Network
The National Crop Progress Weekly Report released by the U.S. Department of Agriculture after Monday showed that in the 18 states that account for 96% of the country's soybean planting area, as of Sunday, May 19, the U.S. soybean planting progress was 52%, compared with 35% last week., 61% in the same period last year, and the five-year average was 49%.
Before the report was released, analysts expected soybean planting progress to be 49%, with a forecast range of 46% to 53%.
Illinois soybean sowing completed 58%, last week 39%, last year 83%, historical average 56%crashtagteamracingswitch; Iowa completed 61%, last week 39%, last year 80%, with a five-year average of 67%; Indiana completed 49%, last week 34%, the same period last year 667%, with a five-year average of 46%.
The soybean emergence rate was 26%, compared with 16% last week, 31% in the same period last year, and the average for the same period in five years was 21%.
Master Boyi