By Cheri Zagurski
DTN Managing Editor
OMAHA (DTN) -- Soybean harvest is barreling along in the U.S., advancing 20 percentage points in the week ended Oct. 11, according to USDA's latest Crop Progress report.
Sixty-two percent of the nation's soybean crop has been cut, compared to 42% last week and a five-year average of 54%. Soybean condition held steady.
"This report could be viewed as neutral," said DTN Senior Analyst Darin Newsom, "though will likely be interpreted as bearish, leading to possible selling during the overnight session into Wednesday morning."
The nation's corn harvest advanced to 42%, compared to 27% last week and a five-year average of 43%. Corn condition also held steady in the past week.
"Of the major growing states, Iowa continues to show the largest lag of 29% completed as compared to its five-year average of 38%," Newsom said. "This report could be viewed as neutral."
Winter wheat planting is 64% complete, compared to 49% last week and a 66% five-year average. Thirty-three percent of the crop is emerged, compared to 20% last week and a 36% five-year average.
"Texas continues to run 10 percentage points behind its average planting rate," Newsom said. "Texas also is showing the largest lag in emergence (20% this week versus 30% average). These numbers could be viewed as neutral to slightly bullish."
Eighty-five percent of sorghum is mature and 51% is harvested, compared to 77% and 43% last week and five-year averages of 75% and 44%, respectively. Sorghum condition held steady.
Eighty-nine percent of the cotton crop has bolls opening, compared to 77% last week and the five-year average of 75%. Cotton is 22% harvested, compared to 16% last week and a 25% five-year average.
Rice is 88% harvested, compared to 78% last week and a five-year average of 80%.
| National Crop Progress Summary |
| | This | Last | Last | 5-Yr |
| | Week | Week | Year | Avg |
| Corn Mature | 94 | 86 | 86 | 91 |
| Corn Harvested | 42 | 27 | 23 | 43 |
| Soybeans Dropping Leaves | 92 | 85 | 90 | 91 |
| Soybeans Harvested | 62 | 42 | 37 | 54 |
| Cotton Bolls Opening | 89 | 77 | 76 | 84 |
| Cotton Harvested | 22 | 16 | 21 | 25 |
| Sorghum Mature | 85 | 77 | 76 | 75 |
| Sorghum Harvested | 51 | 43 | 40 | 44 |
| Rice Harvested | 88 | 78 | 80 | 80 |
| Winter Wheat Planted | 64 | 49 | 66 | 66 |
| Winter Wheat Emerged | 33 | 20 | 41 | 36 |
| National Crop Condition Summary |
| (VP=Very Poor; P=Poor; F=Fair; G=Good; E=Excellent) |
| | This Week | | Last Week | | Last Year |
| | VP | P | F | G | E | | VP | P | F | G | E | | VP | P | F | G | E |
| Corn | 3 | 7 | 22 | 48 | 20 | | 3 | 7 | 22 | 48 | 20 | | 2 | 5 | 19 | 50 | 24 |
| Soybeans | 3 | 8 | 25 | 48 | 16 | | 3 | 8 | 25 | 48 | 16 | | 1 | 5 | 21 | 53 | 20 |
| Cotton | 3 | 12 | 38 | 38 | 9 | | 3 | 12 | 37 | 39 | 9 | | 5 | 14 | 34 | 37 | 10 |
| Sorghum | 2 | 6 | 26 | 55 | 11 | | 2 | 6 | 27 | 54 | 11 | | 3 | 9 | 31 | 46 | 11 |
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