USDA’s latest crop progress report, out Monday afternoon and covering the week through November 3, showed the 2024 corn and soybean crops continue to be harvested at a faster clip than has happened in recent years. Meantime, winter wheat plantings remain slightly behind the prior five-year average.
This season’s corn harvest reached 91% completion through Sunday, up from 81% a week ago and slightly ahead of the average trade guess of 90%. It also has this season’s progress noticeably ahead of 2023’s pace of 78% and the prior five-year average of 75%.
The soybean harvest is even closer to completion, moving from 89% a week ago up to 94% through November 3 and slightly behind the average trade guess of 95%. It’s also moderately ahead of 2023’s pace of 89% and the prior five-year average of 85%.
This year’s cotton harvest is nearly two-thirds complete, moving from 52% last week up to 63% through Sunday. As with corn and soybeans, that puts the cotton harvest ahead of 2023’s pace of 55% and the prior five-year average of 54%.
Other regional harvest paces include:
Sunflowers = 65% (up from 47% last week)
Sugarbeets = 93% (up from 83% last week)
Sorghum = 85% (up from 75% last week)
Peanuts = 73% (up from 59% last week)
Winter wheat plantings moved from 80% a week ago up to 87% through November 3. That’s slightly slower than 2023’s pace of 88% and the prior five-year average of 89%. Around two-thirds (66%) of the crop is now emerged.
Quality ratings improved three points, mirroring analyst expectations, with 41% of the crop now in good-to-excellent condition. Another 36% of the crop is rated fair (down three points from last week), with the remaining 23% rated poor or very poor (unchanged from last week).
Click here for more data from the latest UDSA crop progress report, including a state-by-state look at topsoil moisture, days suitable for fieldwork and more.
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