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Fast soybean harvest, corn sees slower gains

Oct 02, 2024
By Farms.com

US farmers excel in soy harvesting, corn faces delays

 

US agricultural trends this week have shown a dynamic shift, particularly in soybean harvesting, which has reached 26% completion nationwide. This figure surpasses both the anticipated pre-report estimate and the progress at this time last year, indicating a robust start to the soy harvest season.

Corn harvests, however, are not keeping pace with expectations, having reached only 21% completion compared to the predicted 23%. This rate aligns with last year’s progress and is slightly ahead of the average historical pace.

Significant harvesting advances were reported in major soy-producing states. For instance, Iowa’s soybean harvest jumped to 27%, and Michigan’s progress soared by 15 points in a week, substantially outperforming past performances.

Crop conditions also reflect positive trends, with a large portion of the soybean crop maturing well. The quality of the national soybean crop remains stable with a good to excellent rating, indicating healthy crop conditions across the board.

Conversely, corn harvesting has shown moderate improvement, with states like Illinois and Indiana making decent weekly gains.

Michigan and Ohio also reported increases in harvested areas, although places like North Dakota are just beginning their corn harvest, lagging behind usual rates.

As the harvesting season progresses, US farmers are actively working to manage their crops against the backdrop of fluctuating weather conditions and market demands, continuing to feed the nation and support the agricultural economy.


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USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.