Corn, Soybean Harvest Finishes, Winter Wheat Looks Good11/23/2016
The U.S. corn and soybean crops are all but in the bin while winter wheat is getting off to a relatively good start, according to the Department of Agriculture.
The corn harvest was 97% complete while soybean collection was effectively finished, the USDA said in a report.
About 97% of winter wheat was planted as of Sunday, and 89% was emerged from the ground. The crop is rated 58% good or excellent, up from 53% last year but down a point from the prior week, according to the USDA.
In Kansas, the biggest producer of winter wheat, some 55% of the crop earned top ratings, the government said. Subsoil moisture in the state looks decent with 66% being adequate and 2% of Kansas with a surplus.
About 56% of hard-red winter wheat in Oklahoma was rated good or excellent, and 59% of the state had adequate or surplus subsoil moisture, according to the USDA.
Despite the somewhat lofty ratings, little or no rain has fallen in much of the southern Plains in the past 30 days, according to the National Weather Service. That’s kept prices well above $4 a bushel recently, and it looks like the region is in for more dry weather this week.