Monday, April 29, 2013

Very cold spring results in only 5% of the US corn crop planted, versus 49% at this time last year

Corn surges on concern weather will delay planting | Wichita Eagle
"The very cold, damp and wet spring is certainly interfering with planting," said Sterling Smith, a commodities strategist at Citigroup.
Crop Progress: Only 5% of Corn Crop Planted | AGWEB.com
Corn, soybean, and wheat prices increased by double digits today due to the cold weather preventing farmers from planting. Planting delays may thwart estimates of the U.S. producing in 2013 the largest corn crop on record.

Week to week corn planted acreage only progressed by 1% resulting in 5% of the U.S. corn crop planted. This in contrast to last year at this time of 49% of the corn crop planted and the five year average of 31%.
U.S. corn planting pace ties slowest on record | Reuters
The five-year U.S. average for the end of April is 31 percent

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