The latest crop progress report from USDA, out Monday afternoon and covering the week through Oct. 3, showed this fall’s corn and soybean harvests are running neck-and-neck, with soybeans taking a narrow lead, according to the agency’s latest data. Both crops are getting harvested more swiftly than the prior five-year average.
Corn harvest moved to 29% completion through Sunday, mirroring analyst expectations. That’s up from 18% the prior week and seven points ahead of the prior five-year average of 22%. And 88% of the crop is fully mature, up from 74% a week ago and faster than the prior five-year average of 77%.
Corn quality ratings held steady, as expected, with 59% of the crop still in good-to-excellent condition. Another 26% of the crop is rated fair, with the remaining 15% rated poor or very poor.
Soybean harvest progress jumped from 16% completion a week ago up to 34% through Sunday. That’s two points above the average trade guess of 32% and eight points faster than the prior five-year average of 26%. Eighty-six percent of the crop is now dropping leaves, up from 75% last week and six points ahead of the prior five-year average of 80%.
Soybean quality ratings were mostly stable, with 58% of the crop rated in good-to-excellent condition, which was identical to analyst expectations ahead of today’s report. Another 28% is rated fair, with the remaining 14% rated poor or very poor.
Winter wheat plantings for the 2021/22 crop moved from 34% a week ago up to 47%. That was two points below the average trade guess of 49% but still slightly ahead of the prior five-year average of 46%. State-by-state progress varies widely among the top 18 production states, from 6% in Missouri all the way up to 82% in Nebraska.
Nineteen percent of the crop is now emerged, up from 9% last week and just below the prior five-year average of 20%.
Click here to read the latest USDA crop progress report for additional information on cotton, sorghum, sugarbeets and more.