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Harvest season crawling along

Corn harvest is going slower than a year ago, and slower than marketwatchers estimated, according to the USDA Crop Progress report released on Monday.

USDA, in its weekly report, estimated 68% of the corn harvested, below 78% a year ago. Also, market experts expected between 69%-73% of the corn harvest to be complete, according to a Dow Jones newswire survey.

For soybeans, 83% of the crop has been harvested, below 91% a year ago, and below a 85% five-year average.

At 91% planted, the winter wheat crop is slightly behind a year ago. USDA estimated 73% of the crop has emerged, behind 75% a year ago. As of Sunday, the winter wheat crop is rated 60% good/excellent, 32% fair, and 8% very poor-poor.

For cotton, USDA rated the crop 41% good/excellent, 29% fair, and 30% very poor-poor. Also, 50% of the crop has been harvested, below 53% a year ago. USDA estimated 95% of the bolls are open.

Corn harvest is going slower than a year ago, and slower than marketwatchers estimated, according to the USDA Crop Progress report released on Monday.

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