According to the USDA, the percentage of corn and soybeans identified to be in good or excellent condition as of Sep 19^th each increased slightly from the previous week, finishing slightly above analyst expectations. Corn harvest progress finished consistent with analyst expectations throughout the week while soybean harvest progress finished slightly ahead of analyst expectations.

Corn:

Corn dent as of the week ending Sep 19^th was 93% complete, finishing slightly behind last year’s pace of 94% completed but remaining ahead of the five year average pace of 89% completed.

Corn maturation as of the week ending Sep 19^th was 57% complete, finishing slightly ahead of last year’s pace of 56% completed while remaining ahead of the five year average pace of 47% completed.

An additional 20% of the total U.S. corn crop matured during the week ending Sep 19^th. Weekly increases in corn maturation on a percentage basis were led by Delaware, followed by Minnesota and Oklahoma.

Corn harvest progress as of the week ending Sep 19^th was ten percent complete, finishing slightly ahead of last year’s pace of eight percent completed and the five year average pace of nine percent completed. Corn harvest progress finished consistent with analyst expectations.

59% of the current corn crop was identified to be in good or excellent condition as of the week ending Sep 19^th, up one percent from the previous week. The current corn crop identified to be in good or excellent condition finished slightly above analyst expectations of 58%. 15% of the current corn crop was identified to be in very poor or poor condition, unchanged from the previous week.

Soybeans:

58% of the soybean crop has dropped leaves as of the week ending Sep 19^th, finishing slightly ahead of last year’s pace of 56% completed while remaining ahead of the five year average pace of 48% completed.

An additional 20% of the total U.S. soybean crop dropped leaves during the week ending Sep 19^th. Weekly increases in soybean leaf dropping on a percentage basis were led by Wisconsin, followed by Ohio.

Soybean harvest progress as of the week ending Sep 19^th was six percent complete, finishing slightly ahead of last year’s pace of five percent completed and equal to the five year average pace. Soybean harvest progress finished slightly ahead of analyst expectations of five percent completed.

58% of the current soybean crop was identified to be in good or excellent condition as of the week ending Sep 19^th, up one percent from the previous week. The current soybean crop identified to be in good or excellent condition finished slightly above analyst expectations of 57%. 14% of the current soybean crop was identified to be in very poor or poor condition, unchanged from the previous week.