Markets Extra

US corn harvest progress, October 11

Markets Extra14 Oct 2020by Markets Extra

Agrimoney crunches weekly USDA corn harvest progress data for the week to Sunday.

Investors had expected a 39% figure, according to a Reuters poll.

For the previous week’s data, click here.

US corn harvest progress, October 11
	Harvest completed	Change on week	Change on year	Difference from 5-year average
Colorado	42%	+12	+18	+23
Illinois	45%	+19	+25	-8
Indiana	34%	+12	+13	-3
Iowa	42%	+17	+36	+25
Kansas	63%	+19	+18	+4
Kentucky	74%	+8	-8	-4
Michigan	16%	+9	+10	+2
Minnesota	34%	+20	+30	+19
Missouri	51%	+20	+8	-15
Nebraska	34%	+13	+16	+12
North Carolina	90%	+5	-2	-1
North Dakota	25%	+14	+24	+16
Ohio	15%	+6	0	-9
Pennsylvania	23%	+10	-14	-9
South Dakota	39%	+19	+35	+24
Tennessee	76%	+16	-15	-13
Texas	81%	+3	+5	+7
Wisconsin	15%	+7	+13	+3
National reading	41%	+16	+21	+9

"If the forecasted rains disappoint later this week, there is a strong possibility that the Brazilian corn estimate may be lowered"

Wheat finds particular support as the reflation trade rises back up the agenda, hastened by US consumer price data

Grain futures stage a turnaround Tuesday, helped by expanding Chinese imports. The likes of coffee and cotton end higher too

More surprises are certain to be in store for the 2021-22 corn and soybeans outlook