CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.