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Reported soybean field yields finished the season with an 11-field average of 3.64, near the season's high and better than last year. Iowa corn yields were strong while Illinois disappointed, according to Reuters field reports.
Field-level yield results give a mixed picture of the crop, with no clear national shift in supply that would move prices much.
reuters.comKaren BraunOct 22, 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.
