Corn Planting Slows to a Crawl, Analysts Not Worried...Yet

Start of Business 041519
High-acreage planters deserve close examination during preseason maintenance ( Darrell Smith )

USDA is updating its crop progress numbers on Monday following a weekend of winter storms. 

It says 3 percent of corn is planted, only a one percentage point gain since last week. The five-year year average is 5 percent. Key growing states like Illinois, Wisconsin, Minnesota and the Dakotas only seeing one or fewer days suitable for fieldwork during the week.  

Joe Vacklavik with Standard Grain and Ken Smithmier of ClipperData sat down with AgDay's Clinton Griffiths to discuss planting progress.

"I'm watching the current weather because it's going to dictate how long our logistics are still going to be an issue particularly in the Eastern Corn Belt," says Smithmier. "The southeast is off to a good start and hopefully after Easter in the tail-end of April we see more guys in the fields."

Smithmier the next two weeks will provide a clearer picture of spring planting. 

"You look at the markets, and we have not rallied at all on this weather in fact it's been the opposite," points out Vaclavik. "The crops will be planted. What the yield will be, I do not know, but it's been a long time since we've had a yield problem."

"I do think we need to watch the Brazilian weather and make sure the the safrina second corn crop goes through pollination finishes okay," adds Smithmier. "Argentina has supply to fill the gap but we need to ensure that that's a decent crop." 

Watch the entire conversation with Clinton Griffiths in the video below.