U.S. farmer continue to make rapid progress in getting corn and soybeans in the ground. USDA reported today that, as of May 17, 85% of corn acres were planted, up by 10% from a week earlier. One year ago on this date 71% of corn had been sown and an average of 75% over the past 5 years.

States that are furthest along include Minnesota at 97% planted (72% emerged), Illinois at 94% planted (75% emerged), Iowa at 92% planted (63% emerged), Nebraska at 85% planted (30% emerged), Missouri at 82% planted (65% emerged).

USDA also reports that 56% of the corn has emerged. This compares with 29% a week ago and 32% a year ago. The 5-year average for this date is 40% of corn acres had emerged.

Soybean planting also showed good progress during the past week. Through May 17, USDA says that 45% of soybeans were in the ground vs. 31% a week ago and 31% a year ago on this date. The 5-year average for soybean plantings is 36%.

The ag agency also reports that 13% of soybeans have emerged compared with 0% a week ago and 8% a year ago. Over the past 5 years, 12% of soybeans had emerged as of May 17.