Recent rains have delayed planting progress more than expected, creating uncertainty in the markets.
Total Farm Marketing told Brownfield Ag News that it is unclear how wide of a planting window we have ahead of us. Growers are not ahead of schedule and more rain is on the way. The market analyst says it is a weather market right now, and traders are closely watching what happens in the coming week before their planting deadline on May 20.
The U.S. Dept. of Agriculture (USDA) latest Crop Progress Report indicates that 36 percent of corn has been planted so far, falling behind the five-year average for the first time this season.
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