U.S. Corn and Soybean Harvests Surge Ahead with Notable Progress

The U.S. has seen robust advances in its corn and soybean harvests this week, thanks to generally favorable weather in the Midwest. Despite a delayed report from the USDA due to a federal holiday, numbers show that the national soybean harvest is now 43% complete, up 20 points from the previous week and 6 points ahead of the five-year average. The corn harvest also saw a significant leap, gaining 19 points to 42% complete, which is 3 points ahead of the average. Compared to this time last year, these figures are notably higher; the U.S. soybean and corn crops were at 41% and 29% harvested, respectively. Particularly in Illinois, the soybean harvest progressed by 25 points, reaching 44% completion, significantly ahead of both last year’s figure and the average. Similarly, the corn harvest in the state rose by 20 points to 42%, 3 points ahead of the average.