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USDA Weekly Crop Progress Report Neutral for Corn, Soybeans, Wheat | KRVN Radio

USDA Weekly Crop Progress Report Neutral for Corn, Soybeans, Wheat

OMAHA (DTN) — Corn and soybean harvest continued to lag the five-year average pace in the week ended Oct. 16, according to USDA’s latest Crop Progress report released Monday, although soybeans were only 1 percentage point behind.

The nation’s corn crop is 46% harvested, compared to 35% last week, 54% last year and a 49% average. Corn condition improved slightly to 74% good to excellent, compared to 73% last week.

“USDA said that 74% of the corn crop was rated good to excellent, resulting in a 3-point increase in the DTN Corn Condition Index to 178,” said DTN Analyst Todd Hultman. “Monday’s report is neutral for corn.”

Sixty-two percent of the soybeans are harvested, compared to 44% last week, 73% last year and a 63% average. Soybean condition held steady at 74% good to excellent.

“USDA said that 74% of soybeans were rated good-to-excellent, resulting in a 1-point increase in the DTN Soybean Condition Index to 179,” Hultman said. “Monday’s report is neutral for soybeans.”

Winter wheat planting is 72% complete, compared to 59% last week, 73% last year and a 73% average. Winter wheat is 47% emerged, compared to 34% last week, 44% last year and a 45% average.

“Monday’s report is neutral for winter wheat prices,” Hultman said.

Eighty-nine percent of cotton had bolls opening, compared to 80% last week, 93% last year and an 88% average. Cotton harvested was reported at 30% compared to 22% last week, 28% last year and a 27% average. Cotton condition worsened slightly to 17% poor to very poor, compared to 16% last week.

Ninety-three percent of the rice crop was harvested, compared to 89% last week, 93% last year and an 86% average.

Sorghum harvest was 57% complete, compared to 48% last week, 58% last year and a 49% average.

National Crop Progress Summary
This Last Last 5-Yr
Week Week Year Avg
Corn Mature 97 93 97 94
Corn Harvested 46 35 54 49
Soybeans Dropping Leaves 96 91 95 94
Soybeans Harvested 62 44 73 63
Winter Wheat Planted 72 59 73 73
Winter Wheat Emerged 47 34 44 45
Cotton Bolls Opening 89 80 93 88
Cotton Harvested 30 22 28 27
Sorghum Mature 90 82 89 81
Sorghum Harvested 57 48 58 49
Rice Harvested 93 89 93 86
National Crop Condition Summary
(VP=Very Poor; P=Poor; F=Fair; G=Good; E=Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Corn 2 5 19 54 20 2 6 19 53 20 3 7 22 48 20
Soybeans 2 5 19 53 21 2 5 19 54 20 3 8 25 48 16
Cotton 4 13 36 38 9 4 12 36 39 9 4 12 38 38 8
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