Corn, Soybean Harvest: Better Late Than Never

Corn, Soybean Harvest: Better Late Than Never

Flat to weaker in rangebound trade amid a lack of market-moving news.

The CME Group reported 137 deliveries against CBOT November soybean futures, which expire on Tuesday.

The latest U.S.D.A. report released Monday shows 85% of the state corn crop is now in the bins. For the week, the contract ended down 4-3/4 cents per bushel or about 1.4 percent, its second straight weekly decline.

More than half of winter wheat is in poor or very poor condition.

Flat to weaker in rangebound trade, hovering just above contract lows as the U.S. harvest progresses.

The USDA said private exporters sold 135,000 tonnes of USA soymeal to the Philippines for delivery in the 2017/18 marketing year, which began October 1.

Corn for grain harvest advanced 19 percentage points, but remained 12 days behind the 5-year average, bringing the total harvest to 79 percent complete.

CBOT January soybeans last traded up 2-3/4 cents at $9.77 per bushel.

"The corn harvest is catching up, and is now only one week behind the five year average", said Mike Naig, Iowa Deputy Secretary of Agriculture. The Brazilian weather forecast is wet with heavy rains, which are expected to cross the northern and central areas of the crop belt through early December.



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