What matters in the latest release
The numbers, changes and market implications worth knowing now.Corn harvest remains behind the historical pace, with the 18-state total reaching 74% as of November 1, up from 60% the prior week but below the 2021-25 average of 77%; Iowa was only 66% harvested versus its 79% average, while Nebraska stood at 66% versus 75%. Soybeans are further along, advancing nine points to 88%, four points ahead of average, with Illinois at 91% versus 85% and Arkansas at 94% versus 87%, reducing remaining fieldwork for processors and elevators in much of the eastern and central Corn Belt. Cotton harvest accelerated to 63%, above the 54% average, although boll opening at 92% remained below the 95% average, while peanuts reached 66%, six points behind average. Sorghum was notably slow: 64% harvested versus a 78% average, despite maturity reaching 96%, leaving harvest and delivery timing an issue across the Plains. Winter wheat planting reached 83%, just below the 84% average, and emergence was 65%, matching average; condition was 44% good or excellent against 18% poor or very poor. Moisture remains uneven, with 38% of 48-state topsoil rated very short or short and 56% adequate, highlighting dryness in key Southern and western areas.