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Kansas soybean growers had better drought conditions at the end of 2024 than at the start of the year, according to Kansas Agricultural Experiment Station results. USDA data show US 2024 soybean production at 4.37 billion bushels, up 5%.
Disease and spider mite pressure reduced yields on some dryland acres.
This is a backward-looking summary of the 2024 crop that offers little new price signal for feed buyers.
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.