By Julie Ingvarsson
CHICAGO, United States (Reuters) – The United States Department of Agriculture (USDA) said American farmers had sown 90% of corn in their estimated acres as of Sunday, which was lower than the average estimate of 91% in a survey.
In a report released on Monday, the USDA stated that corn planting progress was up more than 80% from the previous week and above the five-year average for this time of year, which is also 80%.
Pre-reported trade estimates for the 12 analysts surveyed by Reuters for the week ended Sunday ranged from 90% to 93%.
According to the USDA, soybean sowing was 75% complete by Sunday, down from 61% a week earlier. This figure was lower than the average analyst estimate of 40%, but above the five-year average of 58%.
The USDA rated the 47% US winter wheat crop excellent, one percent lower than the previous week, defying the analysts’ average expectation for a double-digit correction.
The USDA’s first spring wheat status rating for the season saw 45% of the crop as excellent, the lowest in a wide range of analyst estimates.
The USDA stated that the crop was 79% seeded, consistent with the operators’ average estimate and above the five-year average of 75%.
All figures are expressed as a percentage:
Range is the average USDA range USDA
Analyst analyst week week
Sown Maize 91 90-93 80 90
Soybean Sown 80 76-85 61 75
Spring Wheat 94 90-97 85 94
57 45-70 NA 45. terms of
Spring Wheat *
50 48-52 48 47. terms of
winter wheat *
Good / excellent
(Reporting by Julie Ingvarsson; Edited in Spanish by Javier López de Lerida)