What's Happening?
The USDA's latest Crop Progress report indicates that as of September 28, 2025, the corn harvest has reached 18% completion across 17 of the top 18 corn-growing states, slightly below the five-year average. Soybean harvest is slightly ahead at 19%. The report also notes that winter wheat planting is underway, with 34% completed. The condition of the corn and soybean crops remains stable, with a majority rated as good or excellent.
Why It's Important?
The progress of the corn and soybean harvests is a critical indicator of the agricultural sector's health, impacting commodity prices and supply chains. The slight lag in harvest progress compared to historical averages may affect market dynamics and farmer revenues. Additionally, the condition ratings provide insights into potential yield outcomes, influencing future planting decisions and economic forecasts for the agricultural industry.
What's Next?
Farmers and industry stakeholders will closely monitor weather conditions and market responses as the harvest progresses. Any significant deviations from expected yields could prompt adjustments in market strategies and government policy responses. The ongoing winter wheat planting will also be a focus, as its progress and condition will influence future supply and pricing.
