USDA Released the weekly Crop Progress Report.
According to USDA, U.S. corn and soybean planting rates improved last week, but corn was hampered by another round of heavy rains and both crops remain behind average.
As of Sunday, 91% of corn is planted, compared to 86% a week ago, 100% a year ago and the five year average of 95%, and 74% has emerged, compared to 96% last year and 82% on average. In the first rating of the season, 63% of corn is in good to excellent condition, compared to 72% a year ago.
57% of soybeans are planted, compared to 44% last week, 93% last year and 74% on average, and 31% has emerged, compared to 76% a year ago and 49% on average.