Floods

You can view the latest USDA crop progress report right here. According to that report, corn and soybean production is way behind expectations.
Last year, 78 percent of all corn acreage had been planted by now. This year, that number is sitting at just 49 percent.
And the percentage of corn that has emerged from the ground is at a paltry 19 percent compared to 47 percent at this time last year.
We see similar numbers when we look at soybeans.
Last year, 53 percent of all soybean acreage had been planted by now. This year, that number has fallen to 19 percent.
And the percentage of soybeans that have emerged from the ground is just 5 percent compared to 24 percent at this time last year.