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USDA's weekly Crop Progress report showed national corn condition ratings unchanged at 57% good to excellent, while soybean ratings declined for a fourth straight week. The Pro Farmer Crop Condition Index for corn fell 1.6 points on hot, dry weather in the Dakotas and lower Midwest.
Falling soybean conditions point to lower expected yields, which supports soybean and meal prices. The corn decline is modest, so the corn impact is limited.
profarmer.comSpencer LangfordAug 31, 2026After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
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.
