USDA: Soybean Harvest Over Halfway Finished
DES MOINES, Iowa -- On Monday, the USDA pegged the U.S. soybean and corn harvest activity still below averages.
In its weekly Crop Progress Report Monday, the USDA pegged the U.S. soybean crop as 62% harvested, compared with a 63% five-year average, and within the trade’s expectations of 60-65%.
Also, the soybean crop is rated at 74% good/excellent, equal to a week ago.
For corn, USDA sees the crop ratings at 74% good/excellent, slightly ahead of a week ago. Also, 46% of the nation’s corn has been harvested, compared with a 49% five-year average and a trade expectation of 45-50%. Illinois, at 73% harvested, has the fastest major corn-producing Midwest state pace. Iowa totals just 33%, Indiana 52%, and Nebraska 34%.
Al Kluis, Kluis Commodities, says that the wet weather still slows harvest activity.
“Soybean harvest has been a bit slow due to the wet conditions in the Midwest, but it is picking up. These reports are about what was expected and indicate that we have huge yield potential and harvest is back on schedule,” Kluis told customers in a daily newsletter.