According to the latest Crop Progress report from USDA, some 96% of corn was reported emerged, above both the 94% emerged last year and the 90% emerged in the week prior. The 5-year average emergence rate for this week was 91%.
The most recent USDA crop progress report shows nearly all corn in the U.S. (95%) has emerged as of the week ended June 14, 2020, well above the 74% emerged this time last year and the 5 year average of 92%.
The USDA Crop Progress report for the week ended May 3, 2020 showed planting progress for both corn and soybeans above progress for the same week last year, as well as above their respective five year averages.
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In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.