After pushing well-above average paces for corn and soybean harvest this year, USDA’s latest crop progress report through the week of October 31 showed a considerable slowing down after record rainfalls impacted much of the central U.S. Even so, corn is still well ahead of the 5-year average, sitting at 74% complete, up from 66% last week. Soybean harvest has fallen behind the 5-year average, only increasing by 6 points to 79% finished. Other U.S. commodities continue to move ahead, including cotton (45%), sorghum (80%), peanuts (67%), sugarbeets (87%) and sunflowers (53%). Meanwhile, winter wheat planting has increased 7 points to 87%, down by 1 point from 2020 but up one from the 5-year average. Read more on U.S. crop progress and conditions.
