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USDA: U.S. corn harvest 42% complete

The U.S. corn harvest is 42% complete, USDA says in its weekly Crop Progress report. The completion rate is within trade estimates of 40%-43%.

USDA estimated the corn crop as 14% very poor-poor, 23% fair, 63% good/excellent. Also, 96% of the crop is mature, above 94% from a year ago.

For soybeans, USDA says 50% of the crop is harvested, above 43% from a year ago, and a 45% five-year average. The analysts expected the soybean harvest to be between 50%-53% complete.

Plus, 94% of the crop is dropping leaves, equal to a year ago. USDA estimated the crop as 16% very poor-poor, 26% fair, and 58% good/excellent.

On Tuesday, USDA pegged the winter wheat crop 58% planted, below a 65% average from a year ago. Also, 29% of the crop is emerged, below 34% a year ago.

The U.S. corn harvest is 42% complete, USDA says in its weekly Crop Progress report. The completion rate is within trade estimates of 40%-43%.

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