The latest USDA Crop Progress Report shows 80% of the corn crop is now planted, which is 12 points ahead of the five-year average. Soybean planting is 61% complete nationwide.
Corn Jumps 1.5% as USDA Pegs Planting Behind Forecast
U.S. corn futures rose 1.5% on Tuesday after the U.S. Department of Agriculture (USDA) pegged planting progress behind market expectations, stoking concerns over global supply.