USDA’s latest crop progress report, out Monday afternoon and covering the week through October 22, held some highly anticipated harvest data for several crops, including corn, soybeans and a series of important regional crops. USDA also updated its planting data for the 2023/24 winter wheat crop in today’s report.
Corn harvest moved from 45% complete a week ago up to 59% as of Sunday, mirroring analyst expectations. That puts this year’s effort on equal footing with 2022’s pace and moderately ahead of the prior five-year average of 54%.
Soybean harvest also made solid progress this past week, moving from 62% in the prior week up to 76% through Oct. 22. That was slightly below the average trade guess of 77%, and two points behind 2022’s pace of 78%, however. Still, it remains noticeable above the prior five-year average of 67%.
Other regional crops also made some harvest progress last week, including:
Sorghum = 67% (up from 53% last week)
Cotton = 41% (up from 33% last week)
Peanuts = 55% (up from 42% last week)
Rice = 91% (up from 88% last week)
Sugarbeets = 72% (up from 50% last week)
Sunflowers = 27% (up from 12% last week)
Winter wheat plantings for the 2023/24 season moved from 68% a week ago up to 77% as of Sunday. That puts the current effort slightly behind 2022’s pace of 78% and the prior five-year average of 78%.
Click here for more data from the latest UDSA crop progress report, including state-by-state pasture and range conditions.
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