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Corn was 81% harvested and soybeans were 92% harvested as of Sunday, Nov. 8, according to USDA NASS' weekly Crop Progress Report. Winter wheat was 89% planted and the crop was rated 49% good to excellent.
The farm bill faces a crowded lame-duck agenda, stalled SNAP negotiations and political and procedural hurdles that could complicate passage before year's end.
The November World Agricultural Supply and Demand Estimates (WASDE) report could shore up faith in government grain data, while markets continue to absorb the shock of midterm elections.
After weeks of falling grain prices, traders look to USDA's November reports for possible market support, with corn and soybean production, export demand and global wheat trade among the key factors to watch.
