According to the USDA, corn and soybean harvest progress each finished below analyst expectations during the week ending Oct 31^st.

Corn:

Corn harvest progress as of the week ending Oct 31^st was 74% complete, finishing behind last year’s pace of 81% completed but remaining ahead of the five year average pace of 66% completed. Corn harvest progress finished slightly below analyst expectations of 75% completed.

An additional eight percent of the total U.S. corn crop was harvested during the week ending Oct 31^st. Weekly increases in corn harvest on a percentage basis were led by Pennsylvania and Wyoming, followed by New York.

Soybeans:

Soybean harvest progress as of the week ending Oct 31^st was 79% complete, finishing behind last year’s pace of 86% completed and the five year average pace of 81% completed. Soybean harvest progress finished below analyst expectations of 81% completed.

An additional six percent of the total U.S. soybean crop was harvested during the week ending Oct 31^st. Weekly increases in soybean harvest on a percentage basis were led by Delaware, followed by North Carolina and Pennsylvania.