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Iowa Crop Performance Tests for 2024 showed only slight differences in soybean yield averages, as a lack of timely moisture and late-season dryness moderated results. Yields were affected even though the season started with high expectations.
Soybean yields that fall short of expectations in Iowa tighten the soybean supply, which supports soybean meal prices for feed buyers.
agupdate.comTim KenyonDec 14, 2024After 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.
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.
