USDA Crop Progress Report
Soybeans
After the close of CBOT trading, the USDA reported the US soybean harvest as of November 1 at 51% completed, which fell below trade estimates of 55 to 60 percent. That is only a six point increase on last week. The five year average is 87% harvested as of this time.
Corn
The USDA reported corn harvest by November 1 at 25% completed, which fell within trade estimates of 24 to 26 percent, and just five pips up on a week ago. Normally at this time of year we have the crop at 71% harvested.
Wheat
The USDA reported winter wheat plantings as of November 1 at 79% completed, only three points up on last week, and 11 points below normal for this time of year. Seedings in troubled Illinois are just 35% done vs 92% normally, in Indiana 55% complete vs 91% normally, and Montana 21% vs 70%.
After the close of CBOT trading, the USDA reported the US soybean harvest as of November 1 at 51% completed, which fell below trade estimates of 55 to 60 percent. That is only a six point increase on last week. The five year average is 87% harvested as of this time.
Corn
The USDA reported corn harvest by November 1 at 25% completed, which fell within trade estimates of 24 to 26 percent, and just five pips up on a week ago. Normally at this time of year we have the crop at 71% harvested.
Wheat
The USDA reported winter wheat plantings as of November 1 at 79% completed, only three points up on last week, and 11 points below normal for this time of year. Seedings in troubled Illinois are just 35% done vs 92% normally, in Indiana 55% complete vs 91% normally, and Montana 21% vs 70%.