Crop Progress Update – 11/25/19
According to USDA, corn and soybean harvest figures remained below previous year levels through the final week of November, finishing slightly below average analyst expectations.
Corn:
Corn harvest progress as of the week ending Nov 24th was 84% complete, remaining behind last year’s pace of 93% and the five year average pace of 96%. Corn harvest progress finished at a ten year low seasonal pace and was slightly below average analyst expectations of 85% completed.
Corn harvest progress finished most significantly behind five year average figures throughout North Dakota, followed by South Dakota and Wisconsin.
Soybeans:
Soybean harvest progress as of the week ending Nov 24th was 94% complete, remaining equal to last year’s pace but remaining below the five year average pace of 97%. Soybean harvest progress finished tied for the lowest seasonal pace experienced throughout the past 33 years and was slightly below average analyst expectations of 95% completed.
Soybean harvest progress finished most significantly behind five year average figures throughout Wisconsin, followed by Michigan and South Carolina.
Corn harvest progress finished most significantly behind five year average figures throughout North Dakota, followed by South Dakota and Wisconsin.
Soybeans:
Soybean harvest progress as of the week ending Nov 24th was 94% complete, remaining equal to last year’s pace but remaining below the five year average pace of 97%. Soybean harvest progress finished tied for the lowest seasonal pace experienced throughout the past 33 years and was slightly below average analyst expectations of 95% completed.
Soybean harvest progress finished most significantly behind five year average figures throughout Wisconsin, followed by Michigan and South Carolina.