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The U.S. Corn Harvest Is on a Slow Boat to China

USDA rates harvest below trade expectations.

DES MOINES, Iowa -- U.S. farmers have a hard time gaining any traction for this year’s corn harvest.

Corn

In its weekly Crop Progress Report, the USDA pegged the U.S. corn harvest at 7% complete vs. an 11% five-year average.

The trade expected 9% of the crop to be picked.

The overall condition of the corn crop is rated at 57% good to excellent in the top 18 corn producing states, vs. 55% a week ago.

The USDA pegged 96% of the corn crop was in the dough stage, compared with a 100% five-year average.

Also, 79% of the corn has entered the dent stage vs. a 94% five-year average.

USDA rated the crop in the mature stage at 29% vs. 57% five-year average.

Corn923

Soybeans

The nation’s crop is rated 54% good/excellent compared with 54% a week ago.

The USDA pegged the amount of soybeans dropping leaves at 34% vs. a five-year average of 59%.

Soybean923

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