US Crop Progress Report: Soybean Ratings Stable; Harvest continues

The condition of soybeans in the United States was stable compared to the previous week. 64% of the holdings received the top rating “good to excellent”. A year ago at the same time, the share was 53%. Analysts expected ratings to remain unchanged.
The soybean harvest is progressing and 38% of the area is harvested. The previous week the harvest progress was 20%, a year ago it was 12% and the 5-year average was 28%. Analysts had expected 36% advance.

Hansa Terminhandel GmbH
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