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USDA's Crop Progress report showed corn rated 63% good to excellent, a four-point weekly drop and the steepest decline for late July in nearly two decades. Triple-digit heat indices across the Midwest and Plains drove the deterioration, and analysts expect slight revisions to national yield estimates.
Falling corn conditions during silking and early grain fill raise concern about yield potential, supporting corn prices and feed costs for buyers.
agweb.comTyne MorganJul 28, 2026After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
