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3% of U.S. corn planted

USDA reports corn planting is underway.

As of Sunday, 3% of the crop is planted, compared to 2% a year ago and the five year average of 6%. Winter like conditions during the early part of this week will delay fieldwork in some areas, but the precipitation is helping recharge soil moisture levels.

Winter wheat ratings dipped over the past week with large portions of the Southern Plains remaining much drier than normal. 34% of the crop is called good to excellent, with 34% rated fair and 32% in poor to very poor shape. 5% of winter wheat has headed, compared to 4% this time last year.

6% of spring wheat is planted, compared to 5% a year ago.

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