USDA reports as of Sunday that corn harvest has crossed the all-important halfway mark, which suggests harvest-related hedge pressure should begin to ease. USDA says 59% of the crop has been harvested, which compares to 91% last year and 62% on average. USDA reports that 77% of the nation's soybean crop has been harvested, which is within a percentage point of traders' expectations. This compares to 86% last year and is on pace with the five-year average.
Following are crop and weather highlights from key Corn Belt states:
(Palmer Drought Index below text.)
Iowa: Corn and soybean harvest advanced rapidly in Iowa during the week ending October 27, 2013, according to the USDA, National Agricultural Statistics Service. With soybean harvest now slightly ahead of normal, this marked the first time all season soybean progress was ahead of the 5-year average. Statewide there were 6.0 days suitable for fieldwork. Other activities for the week included fall tillage, as well as liquid manure and fertilizer applications. Snow fell in the northern part of the state, and a killing frost finally reached southern Iowa. Topsoil moisture levels rated 21 percent very short, 32 percent short, 47 percent adequate and 0 percent surplus. Subsoil moisture levels rated 31 percent very short, 36 percent short, 33 percent adequate and 0 percent surplus. Grain movement from farm to elevator was rated 60 percent moderate to heavy. Ninety-six percent of Iowa reported adequate or surplus off-farm grain storage availability and 88 percent reported adequate or surplus on-farm grain storage availability. Iowa farmers harvested 20 percent of their corn for grain or seed during the week. Fifty-five percent has now been harvested, 5 percentage points behind normal. Moisture content of all corn in the field was estimated at 21 percent while moisture content of corn harvested was 19 percent. Corn lodging was rated at 65 percent none, 21 percent light, 11 percent moderate and 3 percent heavy. Corn ear droppage was rated at 75 percent none, 16 percent light, 8 percent moderate and 1 percent heavy. Corn condition was 5 percent very poor, 13 percent poor, 33 percent fair, 40 percent good and 9 percent excellent. Soybean harvest increased 17 percentage points and stands at 87 percent complete, 2 days ahead of normal.
Illinois: Corn and soybean harvest were in full swing across much of the state last week. Some areas in the northwest part of the state experienced some delays due to the corn not drying down as well as desired. Producers across the state were busy throughout the week with corn and soybean harvest as well as fall tillage and fertilizer applications. Temperatures averaged 41.1 degrees for the week, 11.2 degrees below normal. Precipitation across the state averaged 0.20 inches, 0.40 inches below normal. There were 6.2 days suitable for fieldwork. Topsoil moisture was rated at 20 percent very short, 4 0 percent short, and 40 percent adequate. Subsoil moisture was rated at 26 percent very short, 40 percent short, and 34 percent adequate. Corn harvest has reached 74 percent complete, compared to 94 percent last year and the 5 - year average of 68 percent. Soybeans dropping leaves reached 99 percent, on pace with the 5 - year average. Eighty - five percent of the soybean crop has been harvested, compared to 86 percent last year and the 5 - year average of 77 percent.
Minnesota: Minnesota’s harvest advanced rapidly during the week ending October 27, 2013 according to the USDA, National Agricultural Statistics Service. Minnesota had 5.3 days rated suitable for fieldwork. Minnesota’s average temperature was 6.0 degrees below normal at 36.0 degrees. The average precipitation statewide was 0.42 inch below normal at 0.08 inch. Topsoil and subsoil moisture supplies were 91 and 73 percent adequate to surplus, respectively. North Central Minnesota had the coldest average temperature at 34.3 degrees. The wettest region was East Central with 0.22 inch average precipitation. More than one-quarter of Minnesota’s corn for grain was harvested during the week, advancing to 48 percent complete. Average corn moisture at harvest remained at 21 percent. Corn condition improved slightly to 3 percent very poor, 7 percent poor, 31 percent fair, 47 percent good and 12 percent excellent. For the first time this season, soybean progress was ahead of normal. Soybean harvest was 91 percent complete, 3 percentage points ahead of normal. The average moisture content of harvested soybeans also remained 13 percent.
Indiana: Unseasonably cool, wet weather prevailed over the majority of Indiana this week according to the Indiana Field Office of USDA's National Agricultural Statistics Service, with most locations seeing their first frost of the season. Rain in more northern latitudes has contributed to a slower-than-average corn harvest in those regions of the state. Soybean harvest is still well under way, as is winter wheat planting. Pasture conditions are still good for this time of year, and emergence of winter wheat statewide has progressed well thanks to the wet weather. Pasture is still growing but cool weather has slowed growth significantly. There were 5.0 days suitable for field work during the week. Ninety-eight percent of the corn acreage is mature compared with 100 percent last year and 97 percent for the 5-year average. Fifty-nine percent of the corn crop has been harvested compared with 80 percent last year and 62 percent for the 5-year average. By area 60 percent of the corn crop is harvested in the north, 55 percent in the central region, and 68 percent in the south. Moisture content of harvested corn is averaging about 19 percent. Seventy-eight percent of the soybean acreage has been harvested compared to 79 percent for both last year and the 5-year average. By area 82 percent of the soybean acreage is harvested in the north, 83 percent in the central region, and 60 percent in the south. Moisture content of harvested soybeans is averaging about 13 percent.
South Dakota: For the week ending October 27, 2013, producers worked to get the remaining row crops harvested as they combated wet fields in some areas of the state. Major activities include d hauling grain, moving hay and cattle, and fall tillage according to the USDA’s National Agricultural Statistics Service. Statewide, there were 4.8 days suitable for fieldwork. Topsoil moisture supplies rated 0 percent very short, 6 short, 82 adequate , and 12 surplus. Subsoil moisture supplies rated 1 percent very short, 17 short, 77 adequate , and 5 surplus. Winter wheat seeding was 95 percent complete, ahead of 93 last year and behind 96 average. Emerged was 65 percent complete, well ahead of 22 last year but behind 73 average. Condition rated 0 percent very poor, 1 poor, 32 fair, 58 good, and 9 excellent. Corn harvest was 49 percent complete , well behind 99 last year and 55 average. Condition rated 2 percent very poor, 9 poor, 23 fair, 46 good, and 20 excellent. Soybean harvest was 87 percent complete, well behind 100 last year but near 84 average
Ohio: There were five days suitable for fieldwork in Ohio during the week ending October 27, according to the USDA, NASS, Great Lakes Region. Producers spent their week harvesting corn and soybeans when possible, but rain delayed harvest activities for both crops. The cool, damp weather s lowed soybean harvesting in particular. The moisture content of harvested corn averaged 19 percent, and the moisture content of harvested soybeans averaged 13 percent.