Producers were able to make up for lost time last week, thanks to drier weather.
According to the USDA’s latest “Crop Progress” report, corn harvest jumped ahead of last week’s report by 20 percentage points to 59 percent. This is just 3 percentage points below the five-year average and above the 52 percent expected by a Reuters poll of analysts.
Given that U.S. producers planted an estimated 97.4 million acres of corn, this week’s report suggests that nearly 57.5 million acres of corn have been harvested.
Many states advanced by an average of 16 percent this week, though Minnesota made the biggest gains. Last week, the USDA reported just 19 percent of corn harvested. Just one week later, 48 percent of the state’s corn has now been harvested.
Corn conditions improved slightly this week, with 62 percent of corn in good or excellent condition, compared to 60 percent last week. Kansas, Colorado, Wisconsin and Missouri reported between 23 and 28 percent of corn in poor to very poor condition – the worst in the country.
Soybean harvesting is also catching up. At 77 percent complete, the nation’s soybeans are on par with the five-year average and 14 percentage points above last week’s report.
This progress will slow momentarily over the Plains later this week. A storm is building over the West and is expected to cross into the central Plains as early as tomorrow. Read more here.