WASHINGTON, June 21: The U.S. Department of Agriculture’s after-hours national crop progress weekly report on Tuesday showed U.S. soybean planting progress and good-to-excellent rates were below expectations.
In the 18 states that account for 96% of the country’s soybean planting area, as of June 19 (Sunday), the US soybean planting progress was 94%, 88% last week, 97% last year, and the five-year average for the same period was 93%. Before the report, analysts expected soybean planting to be 95 percent complete.
As of Sunday, the emergence rate was 83%, 70% last week, 90% last year, and the five-year average was 84%.
The soybean good-to-excellent rate was 68%, 70% last week, and 60% in the same period last year. Analysts on average expected a good-to-good rate of 69%.
The ratio of soybean ratings this week is 10% excellent, 58% good, 26% fair, 5% poor, and 1% bad; last week, 11% were excellent, 59% good, 25% average, 4% poor, and 1% bad; last year In the same period, it was excellent by 9%, good by 51%, average by 31%, poor by 7%, and poor by 2%.