date:May 08, 2013
Corn futures prices recovered some overnight after the U.S. Department of Agriculture said late May 6 corn planting in the 18-major states stood at 12% completed as of May 5. The planting number was on the low side of trade expectations and the slowest pace for the date since 9% in 1984.
In its weekly Crop Progress report, the U.S.D.A. said planting increased from just 5% a week earlier, but the 12% planted number was far behind last years 69% and the 2008-12 average for the date of 47%. Planti