USDA has reported some 91% of corn crops silking, in line with the 91% reported silking in the same week last year. The 5-year average for corn silking in the week was 86%.
Some 81% of corn was reported emerged, above both the 76% emerged last year and the 64% emerged in the week prior. The 5-year average emergence rate for this week was 70%.
The latest USDA Crop Progress report, which reports data for the week ended Oct. 18, 2020, shows 60% of corn has been harvested, above the 28% harvested this time last year and the 5 year average of 43%.
According to the latest crop progress report from USDA, 61% of soybeans have been harvested as of the week ended Oct. 11, 2020. This surpasses both the 23% harvested this time last year and the 5 year average of 42%.
According to the latest USDA Crop Progress report, 59% of corn was reported mature as of the week ended Sept. 20, 2020. This is more than double the 26% reported mature in the same week last year and the 5 year average of 49%.
According to the latest Crop Progress report from USDA, 11% of corn in the U.S. was reported dented in the week ended August 9, above the 6% reported dented this time last year.
This week’s USDA Crop Progress report shows that corn harvests remain behind last year’s numbers and the 5 year average, while soybean harvests are nearing completion.
Corn harvests in 2019 are still behind both last year’s progress and their 5 year average, according to the most recent USDA crop progress report. Soybean harvests have caught up with last year’s harvest and remain just 3% behind the 5 year average.
This week’s USDA Crop Progress report showed that corn harvest remains behind both the 5 year average and the 2018 harvest numbers, while soybean harvest continues to regain lost ground, matching the 2018 harvest for this week.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.