US corn harvest rates are lower than last year
According to the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS), 18% of the country’s corn acreage had been threshed as of September 28, below market expectations. On the same date a year ago, 20% of the corn acreage had been threshed, compared to the five-year average of 19%.
Winter wheat plantings as of September 28 amounted to 34% of the planned volume, also below expectations and below the five-year average of 36%.
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