US Crop Progress Report: Soybean Ratings Up; Harvest proceeds

The condition of soybeans in the United States has improved compared to the previous week. 64% of the holdings received the top rating “good to excellent” (previous week: 63%). A year ago at the same time, the share was 55%. Analysts expected ratings to remain unchanged.
The soybean harvest is progressing and 20% of the area is harvested. In the previous week and a year ago, the harvest progress was 6% and the 5-year average was 15%. Analysts had expected an advance of 18%.

Hansa Terminhandel GmbH
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