Growers had planted 8 percent of forecast U.S. soybean acreage as of Apr. 25, tracking last season’s early pace and a few points ahead of the five-year average. Last spring, planting moved along very quickly during May; usually, soybean planting speeds up after most of the corn crop is planted sometime in mid to late May.
Iowa had planted 6 percent of its projected soybean acreage as of Apr. 25, not much progress from the previous week as growers prioritized corn planting amid some challenging weather. Illinois, however, had planted 18 percent of its soybean acreage, up 13 points week over week.