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The USDA released its annual Iowa crop progress recap for 2024, showing corn and soybean good-to-excellent ratings in October were the highest in at least five years, at 70 to 80%. Despite a wet early season and a late-season drought, harvest ran ahead of average, with 84% of corn harvested by Oct.
27.
Strong state-level crop quality supports adequate feed grain supplies for Iowa, a major corn and soybean producer, which tends to keep feed prices steady.
southeastiowaunion.comKalen McCainDec 9, 2024After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
