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Home » Evening Edition | Monday, May 2, 2022

Evening Edition | Monday, May 2, 2022

May 2, 20222 Mins Read Business
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In today’s evening edition, catch up on the latest data from the USDA Crop Progress report, weather news across the country, and the strike at CNH Industrial.

USDA Crop Progress Report

The USDA released its fifth Crop Progress report Monday afternoon.

As of Sunday, the report pegged corn planted at 14%, compared with 33% for the previous five-year average. Soybeans are planted at 8%, compared with 13% for the previous five-year average.

Watch the video below for additional stats.

Weather and Planting Progress

After two years of quick planting in 2020 and 2021, the weather so far this season has been less than favorable for the Corn Belt.

The colder-than-normal temperature pattern continues into the first week of May 2022, week-ending May 7. This is forecast to be the seventh coldest start to May in over 30 years for the Corn Belt with further risks of frosts and freezes.

XtremeAg farmers Lee Lubbers from South Dakota and Chad Henderson from Alabama check in this week with updates on their farms.

Henderson is wrapping up corn planting and starting on soybeans while Lubbers has finally gotten measurable rain so he can resume planting.

“The rain will give us enough moisture to plant for a while, and the wheat will take off and grow,” Lubbers says.

United Auto Workers Strike at CNH Industrial

Over 1,000 United Auto Workers (UAW) members at CNH Industrial are on strike for improved standard of living, retirement benefits, and a better work environment, according to a press release from the UAW. 

UAW members at locations in Racine, Wisconsin, and Burlington, Iowa, struck at 12 p.m. on May 2, claiming that CNH failed to present an agreement that met member demands and needs.

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