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Monday's weekly crop progress reports meant little to prices as were winding down the harvest for corn and beans and our condition reports, once aggressively traded, are now over. Corn harvest came in at 79% complete versus the five year average of 38%. This skewed difference was, the results of the earliest planting dates on record which led to early maturity then harvest. Laggers were Indiana at 61% and Ohio 31% harvested. This report will have no effect on pricing.
Bean harvest was pegged at 71% complete versus the five year average of 58%. The only issue I found to affect pricing will show up later on the November 9 USDA monthly crop report. The states that got hit by drought the hardest have the most yet to harvest. Indiana came in at 51% harvested and ended its condition rating last week at 31% good to excellent condition, versus the national average of 37%. Kansas at 40% harvested and final condition of 9%. Missouri 36% harvested and 9% good to excellent condition. We could see the November crop report with declining production even if just a minimal drop. Winter wheat planting is now 71% complete.

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