Published: Wed, November 15, 2017
Health | By Jay Jacobs

Corn, Soybean Harvest: Better Late Than Never

Corn, Soybean Harvest: Better Late Than Never

CBOT November soybean and rough rice futures contracts expire at 12:01 p.m. CST (1801 GMT).

The corn harvest was 82 percent completed, behind 90 percent for both last year's pace and the five-year average.

More than half of winter wheat is in poor or very poor condition.

A total of 95 percent of the USA winter wheat crop is planted with 54 percent of the crop rated Good or Excellent, down 1 percent from the prior week. Market underpinned by the fact that commodity funds hold a large net short position in CBOT corn futures.

Overall 83% of the nation's corn crop is harvested, eight points behind the five year average.

Higher on bargain buying a day after the benchmark January contract dipped to a one-month low.

Meanwhile, the sorghum harvest was at 85 percent complete, compared with 96 percent past year and 93 percent on average. The Brazilian weather forecast is wet with heavy rains, which are expected to cross the northern and central areas of the crop belt through early December.

Like this: