According to the USDA, corn and soybean harvest progress each finished below analyst expectations during the week ending Nov 7^th.

Corn:

Corn harvest progress as of the week ending Nov 7^th was 84% complete, finishing behind last year’s pace of 90% completed but remaining ahead of the five year average pace of 78% completed. Corn harvest progress finished slightly below analyst expectations of 85% completed.

An additional ten percent of the total U.S. corn crop was harvested during the week ending Nov 7^th. Weekly increases in corn harvest on a percentage basis were led by Colorado and Idaho, followed by Wisconsin and New Mexico.

Soybeans:

Soybean harvest progress as of the week ending Nov 7^th was 87% complete, finishing behind last year’s pace of 91% completed and the five year average pace of 88% completed. Soybean harvest progress finished below analyst expectations of 89% completed.

An additional eight percent of the total U.S. soybean crop was harvested during the week ending Nov 7^th. Weekly increases in soybean harvest on a percentage basis were led by Pennsylvania, followed by Maryland and Delaware.