US Corn Harvest Hits 18%, Soybeans Reach 17% as Crop Progress Accelerates
The US corn harvest is making steady progress, reaching 18% completion as of September 27, according to the USDA's crop progress data. This marks a significant milestone in the country's grain production cycle.
Corn development has been largely running alongside historical norms, with 96% of the crop having reached the dent stage, slightly above the five-year average of 95%. The soybean harvest is also gaining momentum, with 17% of the crop already harvested and 75% of the remaining crop dropping leaves.
The pace of the harvest has implications for commodity prices, basis levels, grain transportation, storage demand, and the agricultural supply chain. Producers will be watching grain moisture, drying expenses, local basis, and storage availability closely as the season progresses.