Some 4% of corn crops were reported silking, in line with the 4% reported silking in the same week last year. The 5-year average for corn silking in the week was 6%.
According to the report, 91% of soybeans have emerged, above the 86% reported emerged in the same week last year. The 5-year average for soybean emergence in this week was 85%.
According to the latest Crop Progress report from USDA, some 96% of corn was reported emerged, above both the 94% emerged last year and the 90% emerged in the week prior. The 5-year average emergence rate for this week was 91%.
Some 81% of corn was reported emerged, above both the 76% emerged last year and the 64% emerged in the week prior. The 5-year average emergence rate for this week was 70%.
According to the latest USDA Crop Progress report, the percentage of corn silking and, to a larger degree, soybean blooming progress remains well ahead of where it was last year.
The most recent USDA crop progress report shows nearly all corn in the U.S. (95%) has emerged as of the week ended June 14, 2020, well above the 74% emerged this time last year and the 5 year average of 92%.
The most recent Crop Progress report from USDA reported 67% of corn had been planted as of the week ended May 10. This far exceeds the 28% planted in the same week last year.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.