USDA’s latest crop progress report, covering the week through November 8, showed that the 2020 corn and soybean harvests are both very close to completion, with more than nine out of every 10 acres now out of the field. Likewise, more than nine out of every 10 winter wheat acres are now in the ground.
Corn harvest reached 91% completion through Sunday, mirroring trade estimates. That’s up from 82% a week ago, miles ahead of 2019’s pace of 62% and moderately faster than the prior five-year average of 80%.
Each of the top 18 production states are now at least halfway through corn harvest at this time. Ohio (64%) and Pennsylvania (72%) still have the furthest to go.
The soybean harvest moved from 87% complete a week ago up to 92% complete through Sunday. That was a bit slower than analyst estimates, with an average trade guess of 94%. Still, this year’s harvest pace remains well ahead of 2019’s pace of 82% and slightly ahead of the prior five-year average of 90%.
USDA has marked three of the top 18 production states – Louisiana, Nebraska and North Dakota – as 100% complete. On the other end of the spectrum is North Carolina, where only 45% of the crop has been harvested.
Winter wheat plantings inched ahead this past week, from 89% a week ago up to 93%. That’s slightly ahead of both 2019’s pace and the prior five-year average, which were both 91%. Analysts expected USDA to mark planting progress at 94%.
And 79% of the 2020/21 winter wheat crop is now emerged, up from 71% a week ago and slightly ahead of the prior five-year average of 78%.
Crop conditions improved, as expected, moving from 43% rated in good-to-excellent condition a week ago up to 45% through Sunday. Another 38% of the crop is rated fair (unchanged from last week), with the remaining 17% rated poor or very poor (down two points from last week).
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