The race to plant the 2017 corn crop is on, and the clock is ticking. A slow start to early planting and wet forecasts for the second half of April stir talk of delays. But does planting pace really matter to the market?
Timeliness is important to individual corn yields, which is why you can expect to hear a lot about how fast or slow the crop is going in. Weekly crop progress reports published Monday afternoons by USDA are the market’s best gauge to this metric.
Here’s a look at how conditions shape up for 2017, and what history says about planting progress and yields.