Harvest of corn and soybeans was a common sight in many areas last week. Soybeans harvested are at 30 percent, ahead of last years’22 percent and the 5-year average of 19 percent. Seventy-nine percent of the corn is now at the mature stage, with 8 percent harvested, equal now to the 5-year average.
Seeding of winter wheat continues to be slightly behind with 72 percent now complete, 2 percentage points behind last year. Twenty-six percent of winter wheat has emerged, 16 percentage points behind last year and 14 percentage points behind the 5-year average.
Harvest began this week for sunflowers and corn. Sugarbeet and soybean harvest made good progress, while dry edible beans, potatoes, and corn for silage chopped passed the halfway point. Durum wheat was 98 percent harvested.
Ninety-five percent of the corn crop had reached the dented stage, 58 percent had reached maturity, and 1 percent was harvested. Corn for silage was 68 percent chopped. Eighty-two percent of dry edible beans had been cut and 68 percent had been harvested. Flaxseed was 80 percent harvested.
As of October 2, 97 percent of potatoes had vines killed and 54 percent were dug. Ninety-eight percent of soybeans had dropped leaves and 43 percent were harvested. Fifteen percent of the sugarbeet crop was harvested. Ninety-eight percent of sunflowers had bracts turned yellow, 69 percent had bracts turned brown, and 1 percent was harvested. Other activities during the week included winter wheat planting.
MGEX Announces Strong Year to Date, September Volume
MGEX yesterday announced calendar year to date volume increased by 22 percent over the same period a year ago. Through September, total Hard Red Spring Wheat (HRSW) trading volume reached 1,506,617 contracts, a 22 percent increase over the same period a year ago. HRSW futures volume year to date was up 21 percent to 1,470,034 contracts, while HRSW options volume moved sharply higher, up 63 percent over the same period a year ago.
Source: USDA NASS ND & SD Field Offices, MGEX