Corn: US maintains record forecast despite delay in harvest

According to the weekly analysis by the Mato Grosso Institute of Agricultural Economics (Imea), released on Monday (24), the USDA report of November 24 indicates that the corn harvest for the 25/26 crop in the United States has reached 96% of the predicted area. The document records that "fieldwork showed a 5 percentage point advance compared to the previous week." According to the agency, the percentage is still 4 percentage points below that observed in the same period of the previous crop and 1 percentage point lower than the average of the last five crops. The USDA attributes the delay to the volume of rainfall in recent weeks, described as "above-average precipitation for the period." Among the main producing states, the report states that "Illinois maintains the pace of harvest observed in the same period of the previous crop," while Iowa shows "a 1 percentage point advance between crops." Still ...