Corn Harvest Progress About as Expected, But Soybean Progress Falls Short

Posted on Mon, 10/19/2020 - 15:46

Corn harvest advanced a solid 19 percentage points over the past week to 60% complete thanks to generally open weather, with progress coming in just a point lighter than analysts polled by Reuters anticipated. Farmers have much more of the crop picked than is typically the case at this point in the season. The five-year average puts harvest at 43% complete for mid-October.

Illinois has harvested 66% of its crop (65% on average), with Indiana at 48% complete (50%) Iowa at 65% (29%), Kansas at 76% (69%), Minnesota at 63% (29%), Nebraska at 58% (31%), and South Dakota at 64% (24%).

As expected, USDA once again rated 61% of the crop “good” to “excellent.” Last year at this time, 56% of the crop received top marks.

 

This week

Last week

Year-ago

Very poor

5

5

4

Poor

9

9

10

Fair

25

25

30

Good

46

46

45

Excellent

15

15

11

 

 

Soybean harvest progress falls short of expectations, but still well advanced

Soybean harvest advanced 14 percentage points over the past week to 75% complete, which was four points slower than analysts polled by Reuters anticipated on average. But progress is still well ahead of the five-year average of 58% complete for this point in the season.

Western Corn Belt states are the farthest along, generally speaking, with Iowa at 90% harvested (52% on average), Minnesota at 96% (67%), Missouri at 40% (36%) Nebraska at 92% (58%), North Dakota at 92% (65%) and South Dakota at 90% (60%). But states in the eastern Belt are also running at least a bit ahead of the average, with Illinois 81% harvested (66%), Indiana at 72% (61%) and Ohio at 65% (63%).

 

Cotton crop ratings decline

As of Sunday, 93% of the U.S. cotton crop had bolls open and 34% of it had been harvested, which compares to 89% and 34% for the five-year averages, respectively. Texas has harvested 42% of its crop, which is 13 percentage points more advanced than the five-year average for this point in the season.

USDA maintained its 40% “good” or “excellent” rating for the crop, but the amount rated “poor” to “very poor” climbed three percentage points over the past week to 33%. Damage from Hurricane Delta is likely becoming more apparent.

 

This week

Last week

Year-ago

Very poor

10

12

5

Poor

23

18

18

Fair

27

30

36

Good

31

31

33

Excellent

9

9

8

 

Winter wheat planting also a bit slower than expected

Winter wheat planting advanced just nine percentage points over the past week to 77% complete, whereas analysts polled by Reuters expected USDA to report 81% of the crop had been seeded as of Sunday. Nonetheless, progress is still five percentage points more advanced than the five-year average. As of Sunday, USDA reports 51% of the crop had emerged, which compares to 48% emerged at this point on average. USDA will deliver its initial winter wheat crop condition ratings next week.