
The 2026 Pro Farmer Crop Tour concluded in Rochester, Minnesota, with scouts reporting corn crop conditions good to excellent but below last year's record. Pro Farmer estimated the national corn yield at 173.2 bu. per acre, 7.5 bushels below USDA's 180.7 bu. projection, while soybean pod counts were above average.
A corn yield estimate well below USDA's projection suggests tighter US corn supplies than officially forecast, which is supportive for corn and feed-grain prices. Above-average soybean pod counts point to a possible record soybean crop, which would weigh on soybean and meal prices.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
Pro Farmer's national yield estimate of 173.2 bu/ac, 7.5 below USDA, signaled a tighter US supply and spurred buying.