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    Crop Progress: Corn, Wheat Slightly Bearish, Soybeans Neutral – DTN

    ©Debra L Ferguson Stock Photography

    Ninety-three percent of the nation’s corn and 95% of the soybeans were harvested as of Nov. 8, according to USDA’s latest weekly Crop Progress report.

    Corn is 93% harvested, compared to 85% last week and an 88% five-year average. “Monday’s report was neutral-to-bearish for corn,” said DTN Analyst Todd Hultman.

    Soybeans are 95% harvested, compared to 92% last week and a 93% five-year average. “Monday’s report should be viewed as neutral for soybeans,” Hultman said.

    Winter wheat planting is 92% complete, compared to 88% last week and a 94% five-year average. Eighty percent of the crop is emerged, compared to 72% last week and an 80% five-year average.

    “USDA said 51% of winter wheat was rated good-to-excellent, resulting in a five-point increase in the DTN Winter Wheat Condition Index to 137, which was down from 157 a year ago and down from the five-year average of 129,” Hultman said. “Monday’s report is neutral-to-bearish for wheat.”

    Eighty-five percent of sorghum is harvested, compared to 79% last week and an 82% five-year average.

    Fifty-eight percent of the cotton crop is harvested, compared to 50% last week and a 65% five-year average.

    National Crop Progress Summary
    This Last Last 5-Yr
    Week Week Year Avg
    Corn Harvested 93 85 78 88
    Soybeans Harvested 95 92 89 93
    Cotton Harvested 58 50 60 65
    Sorghum Harvested 85 79 74 82
    Winter Wheat Planted 92 88 93 94
    Winter Wheat Emerged 80 72 82 80
    National Crop Condition Summary
    (VP=Very Poor; P=Poor; F=Fair; G=Good; E=Excellent)
    This Week Last Week Last Year
    VP P F G E VP P F G E VP P F G E
    Winter Wht 2 9 38 40 9 2 10 39 40 9 1 5 34 50 10



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