on May 30, 2019
US crop plantings still far behind average
Crop prices rise, causing protein companies’ share prices to fall
U.S. corn and soybean planting progress remains far behind average, while crop prices soar and protein producers see their stock prices fall.
The U.S. Department of Agriculture’s (USDA) crop progress report for May 27 shows only 58% of the corn crop has been planted, compared with a five-year average of…