According to USDA’s latest Crop Progress report, 73% of the corn crop and 86% of the soybean crop has been harvested.
The calendar has flipped to November and luckily, harvest is nearing completion. As of Nov. 3, USDA estimates 73% of the crop has been harvested. In 2012, 95% of the crop had been harvested by this date. The five-year average is 71% by Nov. 3.
Most states fall into the 70 to 80% complete range. Only Michigan, North Dakota and Wisconsin still have 50% or more of their crops to harvest.
For soybeans, 86% of the crop has been harvested, which is actually one percentage point ahead of the five-year average for this time of year.
Illinois, Iowa, Louisiana, Minnesota, Mississippi, Nebraska, North Dakota, Ohio and South Dakota all have 90% or more of their soybean crop out of the field. North Carolina is the furthest behind, with only 19% harvested.
Strong Yield Reports Continue
According to more than 460 yield reports to AgWeb’s Corn Harvest Map, the average yield from all the submitted yield reports (not weighted by associated acres) is hovering right around 171 bu./acre. These reports encompass more than 268,000 acres.
AgWeb’s Soybean Harvest Map has received more than 330 submissions that cover more than 130,000 acres. The current national average for the map is 48.4 bu./acre.
USDA to Update Yield Estimates
Due to the government shutdown, USDA did not release its October Crop Production and World Agricultural Supply and Demand Estimates. It’s September report pegs the national corn yield average at 155.3 bu./acre. For soybeans, USDA’s yield estimate is 41.2 bu./acre.
On Friday at 11 a.m., USDA will release its November Crop Production and World Agricultural Supply and Demand Estimates, which will include likely revisions to its yield estimates.
Private firms have recently released their yield expectations.
Informa Economics raised its average corn yield estimate to 161.2 bu./acre. For soybeans, Informa estimates the average yield at 43.3 bu./acre.
Allendale Inc. expects the average corn yield to be 158.7 bu./acre and the average soybean yield to be 42.4 bu./acre.
Paul Georgy, president/CEO of Allendale, Inc., says with the USDA Report on Friday, the trade is looking for some fundamental news to key on between now and then.
"Corn traders are looking for an increase in yield, a reduction of nearly a million harvested acres and still come up with ending stocks of over 2 billion bushels on Friday’s report," he says. "Traders are finding it difficult to expect any bullish news for corn out of this report. This is usually a sign to be cautious."
For soybeans, he says soybean production, acreage and demand adjustments could make for an interesting report.
Share Your Harvest Report!
Submit your yield reports to AgWeb’s Corn Harvest Map or to AgWeb’s Soybean Harvest Map.
Share your crop report with AgWeb's Crop Comments.