
USDA's data blackout left the market without official figures ahead of the next crop report. Private corn yield estimates ranged from 181.7 to 186.0 bushels per acre, all below USDA's September estimate of 186.7.
Soybean stock estimates spread widely, from 187 million to 494 million bushels.
Estimates clustered below the September USDA figure point to a possible downward corn yield revision, which would support corn prices. The wide soybean stock range adds uncertainty.
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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.