Surprising yields, impressive genetics and an early harvest in 2024

After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.

• Jan 25, 2017Harvest update from South America – Ohio Ag Net | Ohio's Country Journal+1.0%
• Sep 20, 2021Farmers Weigh in on Early Corn, Soybean Yields as Harvest Gets Underway-4.3%
• Dec 4, 2023Yields surprise in dry sections of Corn Belt - Brownfield Ag News+1.7%
• Jan 27, 2023Dry Bulk Market Under Pressure in Early 2023 | Sea and Job-1.1%
• Aug 28, 2018Crop conditions suggest above-trend yields - High Plains Journal+0.8%

After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.

• Dec 2, 2019Pockets and windows: 2019 year in review – Ohio Ag Net | Ohio's Country Journal+1.5%
• Feb 25, 2020Dryness worsens in the South as Brazil’s soy harvest reaches 31% – Ohio Ag Net | Ohio's Country Journal+1.9%
• Jun 16, 2023FACTBOX: Mapping El Nino's impact on crop yields, global food trade in 2023-24+4.6%
• Apr 25, 2017First-crop harvest nearly complete in Brazil, progressing in Argentina thanks to dry weather-0.2%
• Feb 1, 2023Contrasting impacts of dry versus humid heat on US corn and soybean yields-1.5%