House democrats and the Trump administration have reached an agreement to move forward with the White House’s replacement for the North American Free Trade Agreement (NAFTA), the U.S.-Mexico-Canada Agreement (USMCA), according to CNBC.
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.
Measurable snow has already fallen across a good part of the Corn Belt, Lake States and Northern Plains and with colder than usual temperatures setting in, many farmers are facing as much difficulty getting crops out of their fields as they did getting them planted this past spring.
With 7% of corn acres yet to fully mature and 97% of soybeans dropping leaves, the 2019 harvest season is well underway but still lagging compared with a year ago, according to the USDA’s Oct. 27 Crop Progress report.
As of Oct. 13, 22% of corn acres were in the bin, along with 26% of soybeans, according to USDA’s latest Crop Progress report. Condition of the crops moving to the harvest season remained essentially unchanged from the past several weeks.
Following the Oct. 7, 2019, USDA Crop Progress report, crops still remains significantly behind schedule. Additionally, corn and soybean saw some small decreases in their reported “good” and “excellent” crop conditions.
According to USDA’s Sept. 23 Crop Progress report, 7% of corn has been harvested, but few growers in the big corn states have taken their combines out the shed. Meanwhile, soybeans still have a lot of catching up to do. Overall, the condition of both crops is little changed from the past few weeks.
Corn in the dough stage improved from last week’s rate of 89% to 93% as of Sept. 15. This still remains behind the corn in the dough stage percentage from Sept. 15, 2018 of 99% and the 5 year average of 98%.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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