As of June 16, USDA estimates 92% of the U.S. corn crop has been planted. That compares to a five-year average for mid-June of 100% planted. Today’s planting pace matches the pre-report trade estimate.
“USDA reports 92% of U.S. #corn crop is planted as of June 16, but the state-by-state data suggests that the numbers include some prevent plant, making it difficult to quantify what’s actually planted and what’s not,” tweeted Arlan Suderman, chief commodities economist for INTL FCStone. “More likely unplanted in some states than USDA suggests.”