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Corn and Soybean Harvest is Underway

By CLAYTON BAUMGARTH

The latest USDA Crop Progress Report has been released, signaling the beginning of harvest season. Two percent of Indiana’s corn for grain and 1 percent of soybeans have been harvested so far. 

Throughout the nation, 9 percent of corn harvest and 5 percent of soybean harvest has been completed. 

One harvest that has been going on for a bit longer is corn for silage; 55 percent has been harvested throughout Indiana so far. 

Farmers are eager to see how this year’s harvest yields will shake out. The industry was pessimistic at best after moderate to severe droughts hit the nation.

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There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
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