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Fall harvest rolling downhill on favorable weather

Agriculture.com Staff 11/26/2015 @ 8:14am

Another week and another seven days of good harvest progress have passed for the U.S. corn and soybean crops.

As of Sunday, 86% of the country's corn crop and 92% of the soybeans had been harvested, both ahead of the previous five-year averages, according to this week's USDA-NASS Crop Progress report released Monday afternoon.

The 86% corn harvest progress is compared to the previous average pace of 80% for this week. Progress levels jumped as much as 20% in the last week: In Iowa, for example, 83% of the crop has been harvested compared to 63% a week ago. Farmers in some states in the southern Corn Belt and Plains are near the end of corn harvest and, if remaining on pace with the last two weeks, should be done by next Monday's report.

With 92% of the soybean crop out of the fields, farmers are ahead of the average pace, but by just two percent. As with the corn crop, considerable progress was made last week, with many states -- including Illinois, Indiana, Iowa, Nebraska and Minnesota -- beyond 90%.

The current weather situation, while it's lending some bearish pressure to the corn and soybean markets, should support a quick, smooth conclusion to harvest, according to Monday's Freese-Notis Weather, Inc. Weather Market Commentary.

"Weather considerations will be given a bearish 'spin' again today with regards to corn and soybean trading, while minor support from weather fundamentals will be noted for wheat," according to Freese-Notis on Monday. "The weather continues to look very good for final harvesting operations for the Corn Belt for today through Saturday, with just very light precipitation expected this week in far northeastern and eastern parts of the region."

Winter wheat sowings and emergence both remained slightly behind the normal pace for this week, according to Monday's USDA report. The harvest of both sorghum and cotton are ahead of the normal pace, while peanut harvest is still eight percent behind the average 83% progress typical of this week.

Another week and another seven days of good harvest progress have passed for the U.S. corn and soybean crops.

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