USDA Weekly Crop Growth Report

The weekly crop growth report released by the US Department of Agriculture (USDA) in the early hours of Tuesday showed that as of the week of June 16, the planting rate of US soybeans was 93%, and the market expected it to be 94%. The previous week was 87%, the same period last year was 97%, and the five-year average was 91%. The emergence rate was 82%, the previous week was 70%, the same period last year was 87%, and the five-year average was 79%. The excellent rate was 70%, and the market expected it to be 71%. The previous week was 72%, and the same period last year was 54%. < br > 2. The excellent and good rate of US corn was 72%, the market expectation was 73%, the previous week was 74%, and the same period last year was 55%; the emergence rate was 93%, the previous week was 85%, the same period last year was 95%, and the five-year average was 92%. < br > 3. The excellent and good rate of US spring wheat was 76%, the market expectation was 71%, the previous week was 72%, and the same period last year was 51%; the emergence rate was 95%, the previous week was 87%, the same period last year was 96%, and the five-year average was 93%; the heading rate was 4%, the same period last year was 8%, and the five-year average was 7%. < br > 4. The excellent rate of winter wheat in the United States was 49%, and the market expectation was 46%, compared with 47% in the previous week and 38% in the same period last year; the harvest rate was 27%, compared with 12% in the previous week and 13% in the same period last year, and the five-year average was 14%; the heading rate was 94%, compared with 89% in the previous week and 93% in the same period last year, and the five-year average was 91%. < br > 5. The excellent rate of cotton in the United States was 54%, 56% in the previous week, and 47% in the same period last year; the planting rate was 90%, 80% in the previous week, 87% in the same period last year, and the five-year average was 91%; the bud rate was 22%, 14% in the previous week, 17% in the same period last year, and the five-year average was 18%; the bell rate was 6%, 2% in the same period last year, and the five-year average was 3%.