Following a review from the NASS on the current harvest status of corn, cotton and sunflower crops, the USDA has issued the final crop progress report for 2019. The final report showed corn progress still behind at 92% harvested as of Dec. 8.
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.