Commodity Market Update May 30, 2019
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May 30, 2019 | by Joel Fingerman
Dear Joel:
Grains
Corn Planting
Corn planting is significantly behind average pace, and weather forecasts continue to weigh on future planting prospects. Crop progress numbers reported Tuesday show corn plantings progress at 58%, below the average market estimate of 63% and below the five-year average of 90% for this week of the season (Chart 1). This is the lowest planting progress recorded.