US corn harvesting progress falls behind the 5-year average
As of October 27th, 41% of the US corn had been harvested, according to the U.S. Department of Agriculture. By the same date last year, the crop was harvested from 61% of the area.
On the 5-year average, the corn crop at the reporting date was harvested from 61% of the area.
Corn condition at the reporting date was as followed:
- excellent — 11% of plantings (20% in the comparative period of 2018);
- good — 47% (48%);
- fair — 30% (20%);
- poor — 9% (8%);
- very poor — 3% (4%).
Karen Braun, Global Agriculture Columnist at Thomson Reuters, writes on Twitter that U.S. corn was 41% harvested, up from 30% a week earlier but well behind the 5-year average of 61%. The progress is equivalent with 2008 and well ahead of 2009 (21% — record slow), she adds.
IGC analysts in their October report increased the forecast for world corn exports in 2019/20 from 164.6 mln t to 167.5 mln t, 1.7% higher from the previous season (164.7 mln t).
