Markets Extra

US soybean harvest progress, October 11

Markets Extra14 Oct 2020by Markets Extra

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

Investors had expected a 59% figure, according to a Reuters poll.

For the previous week’s data, click here.

US soybean harvest progress, October 11
	Harvest completed	Change on week	Change on year	Difference from 5-year average
Arkansas	38%	+11	-9	-17
Illinois	56%	+31	+34	+6
Indiana	52%	+22	+27	+8
Iowa	78%	+23	+64	+43
Kansas	40%	+20	+29	+20
Kentucky	36%	+10	-5	+1
Louisiana	90%	+7	+4	+2
Michigan	42%	+23	+27	+10
Minnesota	87%	+26	+71	+38
Mississippi	63%	+18	-7	-12
Missouri	22%	+16	+10	-2
Nebraska	82%	+27	+58	+43
North Carolina	14%	+5	-9	-2
North Dakota	83%	+23	+69	+29
Ohio	49%	+28	+18	+5
South Dakota	82%	+22	+71	+40
Tennessee	31%	+10	-16	-9
Wisconsin	46%	+28	+34	+17
National reading	61%	+23	+38	+19
Harvest completed data in percent. Other data in percentage points

Agrimoney’s running wire of estimates for soybean area, production and exports from the key South American growing country

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