10/10/25 Afternoon CommStock Report – Some Reports Missed More Than Others

This next middle week of October has historically averaged near the halfway point for the U.S. corn harvest, with soybeans usually having just crossed 50 percent complete this week. It does not feel like much is missing not having the harvest progress reports while the government is shut down, seeing as it is easy to tell that most areas are getting crops harvested and put away quickly. Harvest is moving fast even with more bushels than ever to bring in. Still, the rate of harvest says something about weather, not just while the combines are rolling, but also as current harvest conditions are an extension of the growing season. The common urgency to harvest this season’s corn and soybean crops amid rapid drying conditions is a signal with negative implications about yield results and quality, although this is a concern that is already well digested by market participants. The USDA yield updates were suspended by the shutdown this week, but private estimates were circulating to show most predictions within 183-186 bushels per acre for corn yield and 52-54 for soybean yield, with anything landing in those ranges still new record highs for both crops.   Another report that is on…