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USDA shows US soybean harvest as 79% complete, corn 60% done

By Reuters News

By Julie Ingwersen

CHICAGO, Oct 26 (Reuters) - The US soybean harvest was 79% complete as of Sunday, in line with trade expectations, and the corn harvest was 60% finished, the US Department of Agriculture said in a weekly progress report on Monday, ahead of the average estimate in a Reuters poll of 10 analysts.

  • Farmers were harvesting the biggest US soybean crop in history and the second-largest corn crop

  • USDA's soybean harvest progress figure was ahead of the five-year average for this time of year of 77%, while corn harvest progress lagged the five-year average of 66%.

  • The USDA rated 56% of the US corn crop in good-to-excellent condition, unchanged from last week and matching the average analyst estimate.

  • Farmers continue to plant winter wheat for harvest in 2027. The USDA said winter wheat seeding was 76% complete, up from 63% last week and ahead of an average of analyst estimates for 75%, but behind the five-year average of 77%.

  • The USDA expected to release its first condition ratings for the winter wheat crop in next week's report.

All figures in percent:

Category

Analyst average

Analyst range

USDA last week

USDA this week

Corn harvested (percent)

59

55-64

44

60

Corn condition ratings*

56

55-57

56

56

Soybeans harvested (percent)

79

76-85

64

79

Winter wheat planted

75

72-79

63

76

*Percent good/excellent

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