In one of USDA’s final crop progress reports of 2021, out Monday afternoon and covering the week through November 21, the agency showed both corn and soybean harvests nearly complete, while winter wheat quality ratings took a two-point hit. Corn harvest progress moved from 91% complete a week ago up to 95% through Sunday. Analysts were expecting to see that number at 96%. This year’s pace is a bit behind 2020’s pace of 97% but still three points ahead of the prior five-yar average of 92%.
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USDA marked North Carolina, Tennessee and Texas at 100% complete, while Ohio (84%) and Michigan (85%) still have the farthest to go. Soybean harvest progress was also at 95% completion through November 21, improving from 92% a week ago. Analysts expected that number to come in at 96%. This year’s harvest is trending a bit slower than both 2020’s pace of 98% and the prior five-year average of 96%. Other row crop harvests of note include: Cotton: 75% complete (up from 65% last week) Sorghum: 94% complete (up from 89% last week) Peanuts: 92% complete (up from 86% last week) Sunflowers: 90% complete (up from 83% last week) The 2021/22 winter wheat crop is now nearly all planted, moving from 94% completion a week ago up to 96% through Sunday. 2020’s pace of 98% was slightly faster, as was the prior five-year average of 97%. Six of the top 18 production states are considered 100% complete, with California (70%) still needing to make the most headway at this time. Eighty-six ...