Markets Extra

US corn harvest progress, October 4

Markets Extra06 Oct 2020by Markets Extra

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

Investors had expected a 26% figure, according to a Reuters poll.

For the previous week’s data, click here.

US corn harvest progress, October 4
	Harvest completed	Change on week	Change on year	Difference from 5-year average
Colorado	30%	+17	+14	+18
Illinois	26%	+13	+16	-13
Indiana	22%	+10	+9	-3
Iowa	25%	+13	+22	+15
Kansas	44%	+15	+10	-5
Kentucky	66%	+12	-5	-2
Michigan	7%	+3	+4	-1
Minnesota	14%	+8	+13	+7
Missouri	31%	+11	-1	-25
Nebraska	21%	+7	+10	+6
North Carolina	85%	+11	-5	-2
North Dakota	11%	+7	-	+6
Ohio	9%	+5	0	-5
Pennsylvania	13%	+7	-19	-11
South Dakota	20%	+10	19	+11
Tennessee	60%	+20	-24	-20
Texas	78%	+8	5	+6
Wisconsin	8%	+4	7	+2
National reading	25%	+10	+11	+1

"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