USDA: U.S. soybean harvest 96% complete, below market expectations

Washington, Nov. 15 News: The U.S. Department of Agriculture’s weekly national crop progress report showed that the U.S. soybean harvest was in line with market expectations.

In the 18 states that account for 96% of the country’s soybean planting area, as of November 13 (Sunday), the U.S. soybean harvest progress was 96%, 94% last week, 91% last year, and the five-year average for the same period was 91%.

Before the report, analysts on average expected soybean harvest progress to be 97 percent, with forecasts ranging from 96 percent to 98 percent.