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USDA's weekly Crop Progress report showed corn harvest at 74% through November 1, slightly below the five-year average of 77% but above the analyst estimate of 73%. Soybean harvest reached 88%, above its five-year average of 84%, and winter wheat planting reached 83%, slightly behind average.
Corn harvest came in slightly better than trade expectations, which is mildly bearish for near-term corn. Faster soybean progress points to steady availability for crushers and feed buyers.
farmprogress.comBen PotterNov 2, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
