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|
|Soybeans Dropping Leaves||96||91||95||94|
|Winter Wheat Planted||72||59||73||73|
|Winter Wheat Emerged||47||34||44||45|
|Cotton Bolls Opening||89||80||93||88|
|National Crop Condition Summary|
|(VP=Very Poor; P=Poor; F=Fair; G=Good; E=Excellent)|
|This Week||Last Week||Last Year|