Crop Progress Update – 11/9/20
According to the USDA, corn harvest progress remained at a four year seasonal high level through the week ending Nov 8th, finishing equal to expectations. Soybean harvest progress remained at a three year seasonal high level but finished below analyst expectations.
Corn:
Corn harvest progress as of the week ending Nov 8th was 91% completed, finishing ahead of last year’s pace of 62% completed and the five year average pace of 80% completed. Corn harvest progress remained at a four year seasonal high level, finishing equal to analyst expectations.
Weekly increases in corn harvest progress were largest throughout Michigan, followed by Wisconsin and Ohio.
Soybeans:
Soybean harvest progress as of the week ending Nov 8th was 92% completed, finishing ahead of last year’s pace of 82% completed and the five year average pace of 90% completed. Soybean harvest progress remained at a three year seasonal high level but finished below analyst expectations of 94% completed.
Weekly increases in soybean harvest progress were largest throughout Maryland, Delaware and New Jersey.
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