USDA Planting Progress Report Highlights

Monday night's USDA planting progress report showed 51% of the corn crop in the ground, in line with trade expectations, yet well below the 5-year avg of 77% done.

Soybean plantings are below expectations at 11% done vs the 5-year avg of 28% and expectations of around 16% done.

Winter wheat good/excellent is unchanged at 47%, the same as last week, but well below last year's 58% rating.