The 2013 harvest is coming to an end across the Corn Belt and as of November 17, 2013, 91% of corn has been harvested in the top 18 corn producing states, ahead of the five year average of 86%. A total of 95% of the soybean crop has been harvested, a percentage point behind the five year average.
Winter wheat emerged was 89%, 4% above the five year average. Winter wheat in poor or very poor condition was 7%, a 2% increase from last week. Winter wheat in good or excellent condition decreased by 2% to 63%. Last year at this time, 24% of winter wheat was in poor or very poor condition and only 34% was in good or excellent condition.
December futures for corn ended the week at $4.12 per bushel, a 5.1% decrease from last week. December wheat ended the week at $6.42, a 0.6% decrease from last week. January soybeans closed the week at $12.87, down 1.1% for the week. Year to year corn prices are down 44.2%, soybeans are down 8.3%, and wheat is down 23.7%.
For daily articles on farmland and agriculture, visit www.farmlandforecast.com.