U.S. spring wheat seedings made good progress last week, up 20% with 43% now in the ground as of May 12.
This is still below the 92% pace a year ago and the five year average of 63%.
With the clock ticking, we were curious as to what impact late plantings had on the amount of spring wheat that actually gets planted.
The 1985-2012 average pace of spring wheat seedings as of May 12 is 69% with the standard deviation during that period 21%.
We then would classify late years as the average minus ...