Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.
Crop Progress: Corn Harvest Ahead of Five Year Average
Nov 12, 2013
Favorable weather over the weekend helped push corn harvest to 84% complete, 5% above the five year average. A total of 91% of the soybean crop has been harvested, 4% behind last year at this time.
Winter wheat planted as of November 10, 2013 was 95%, 2% above the five year average. A total of 84% of the winter wheat crop has emerged, a 6% increase from a year ago. Winter wheat in poor or very poor condition was 5%, a 1% decline from last week. Winter wheat in good or excellent condition increased by 2% to 65%.
December futures for corn ended the week at $4.32 per bushel, a 1.6% increase from last week. November soybeans ended the week at $13.19, a 4.8% increase from last week. December wheat ended the week at $6.45, a 1.7% decrease from last week. Year to year corn prices are down 41.2%, soybeans are down 12.3%, and wheat is down 25.5%.
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