The National Crop Progress Weekly Report released by the US Department of Agriculture shows that soybean harvesting in the United States is about to end, with progress exceeding historical averages, although slightly below market expectations.

In 18 states that account for 96% of the national soybean planting area, as of Sunday, November 12th, the US soybean harvest was 95% complete, 91% last week, 96% the same period last year, and a five-year average of 91%. Before the report was released, analysts expected the soybean harvest to be completed by 96%.

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