Markets Extra

US soybean harvest progress for major growing states, November 17

Markets Extra19 Nov 2019by Markets Extra

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

Investors had expected a 91% figure, according to a Reuters poll.

US soybean harvest progress, November 17
	Harvest completed	Change on week	Change on year	Difference from 5-year average
Arkansas	93%	+5	+11	-2
Illinois	92%	+5	-4	-6
Indiana	91%	+3	-2	-4
Iowa	95%	+4	-2	-3
Kansas	92%	+9	+12	0
Kentucky	88%	+5	+13	+5
Louisiana	100%	0	+3	+1
Michigan	76%	+2	-6	-15
Minnesota	97%	+6	-1	-2
Mississippi	97%	+2	+2	-1
Missouri	83%	+11	+7	-6
Nebraska	99%	+3	+2	0
North Carolina	61%	+7	+4	+2
North Dakota	84%	+10	-9	-14
Ohio	90%	+4	+2	-5
South Dakota	95%	+4	-3	-4
Tennessee	85%	+5	+11	0
Wisconsin	77%	+6	-13	-18
National reading	91%	+6	0	-4
Harvest completed data in percent. Other data in percentage points

The likes of corn and wheat trade lower in closing deals of a positive week. But the vegetable oil complex, and canola, stay strong

There has been some movement at last in the new soybeans-versus-corn price ratio, seen as an influence on sowing area. Cotton stakes its claim too

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Monsoon rainfall is expected to total 98% of the long-term average, the Ministry of Earth Sciences says