According to the USDA, corn harvest progress finished slightly above analyst expectations during the week ending Oct 24^th while soybean harvest progress finished slightly below analyst expectations.

Corn:

Corn harvest progress as of the week ending Oct 24^th was 66% complete, finishing behind last year’s pace of 70% completed but remaining ahead of the five year average pace of 53% completed. Corn harvest progress finished slightly above analyst expectations of 65% completed.

An additional 14% of the total U.S. corn crop was harvested during the week ending Oct 24^th. Weekly increases in corn harvest on a percentage basis were led by New Jersey, followed by Nebraska.

Soybeans:

Soybean harvest progress as of the week ending Oct 24^th was 73% complete, finishing behind last year’s pace of 82% completed but remaining ahead of the five year average pace of 70% completed. Soybean harvest progress finished slightly below analyst expectations of 74% completed.

An additional 13% of the total U.S. soybean crop was harvested during the week ending Oct 24^th. Weekly increases in soybean harvest on a percentage basis were led by Pennsylvania, followed by Missouri.