Crop Progress – The latest report appears neutral for corn and beans, bullish for cotton and bearish on wheat

Corn planting and emergence continues to run slightly higher than the historical average. The corn crop is 86% planted as of the 22^nd. This is up 11 points from last week and is 1 point higher than the 5-year average of 85%. 60% of the crop has emerged, which is 9 points less than last year’s early spring pace but 17 points better than the 5-year…