According to the USDA, corn and soybean harvest progress each finished slightly below analyst expectations throughout the week ending Oct 10^th.

Corn:

Corn maturation as of the week ending Oct 10^th was 94% complete, finishing ahead of last year’s pace of 93% completed and the five year average pace of 86% completed.

Corn harvest progress as of the week ending Oct 10^th was 41% complete, finishing ahead of last year’s pace of 39% completed and the five year average pace of 31% completed. Corn harvest progress finished slightly below analyst expectations of 42% completed, however.

An additional 12% of the total U.S. corn crop was harvested during the week ending Oct 10^th. Weekly increases in corn harvest on a percentage basis were led by New Jersey, followed by Oregon and Delaware.

58% of the current corn crop was identified to be in good or excellent condition as of the week ending Oct 10^th, down one percent from the previous week. The current corn crop identified to be in good or excellent condition finished slightly below analyst expectations of 59%. 15% of the current corn crop was identified to be in very poor or poor condition, unchanged from the previous week.

Soybeans:

91% of the soybean crop has dropped leaves as of the week ending Oct 10^th, finishing slightly below last year’s pace of 92% completed but remaining ahead of the five year average pace of 89% completed.

Soybean harvest progress as of the week ending Oct 10^th was 49% complete, finishing behind last year’s pace of 58% completed but remaining ahead of the five year average pace of 40% completed. Soybean harvest progress finished slightly below analyst expectations of 50% completed.

An additional 15% of the total U.S. soybean crop was harvested during the week ending Oct 10^th. Weekly increases in soybean harvest on a percentage basis were led by South Dakota, followed by Nebraska and North Dakota.

59% of the current soybean crop was identified to be in good or excellent condition as of the week ending Oct 10^th, up one percent from the previous week. The current soybean crop identified to be in good or excellent condition finished slightly above analyst expectations of 58%. 14% of the current soybean crop was identified to be in very poor or poor condition, unchanged from the previous week.