The US corn and soybean harvests are basically now wrapped up for the year – both well ahead of the normal pace.
Monday’s USDA crop progress report showed the national corn harvest at 91% complete as of Sunday, up 10 points from a week earlier and 16 points ahead of the five-year average. The soy harvest, at 94% done, advanced 5 points from the previous week and was 9 points ahead of the average.
Harvest progress for both crops came in exactly on par with the average pre-report trade guesses.
In the top production state of Iowa, the corn harvest gained 8 points on the week to reach 92% complete as of Sunday, 6 points ahead of last year and 17 points ahead of the state average. The Illinois harvest was 95% done, up from 87% a week earlier and ahead of 81% on average, while Indiana was 88% complete, compared to 77% the previous week and 69% on average.
The Michigan corn harvest jumped 20 points on the week to 82% done, far ahead of just 37% last year and less than half (46%) on average. Ohio was 89% complete, up from 72% a week earlier and 32 points ahead of average. The North Dakota harvest advanced 14 points from a week earlier to 85% complete, versus 64% for last year and the average.
For soybeans, the Illinois harvest was up 5 points from the previous week to 95% done as of Sunday, 8 points ahead of average. Iowa was 98% complete, from 96% a week earlier and 6 points ahead of average, while Indiana was 93% done, compared to 87% the previous week and 83% on average.
The Michigan soy harvest gained 4 points to reach 95% complete as of Sunday, versus 66% and 70% for last year and the average, while Ohio’s harvest advanced 6 points to 96% done, 14 points ahead of the state average. The North Dakota soy harvest, at 98% done, advanced 3 points from a week earlier and was 9 points ahead of average.
