US Crop Progress Report: Soybean Ratings Stable; Harvest has started

The condition of soybeans in the United States was stable compared to the previous week. 63% of the holdings received the top rating “good to excellent”, 54% at the same time a year ago. Analysts expected ratings to decline to 62%.
The soybean harvest has meanwhile started and 6% of the area has been harvested. A year ago the harvest progress was 2% and the 5-year average 6%. Analysts were expecting 5% progress.

Hansa Terminhandel GmbH
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