
Reuters analyst Karen Braun reported that the average Crop Watch soybean yield score rose to 3.41 from 3.32 after harvest results in Iowa, North Dakota and Nebraska beat expectations. The 11-field corn average also rose to 3.3 from 3.27.
Harvest results beating expectations suggest the crop held up despite dryness, adding to supply and easing upside price pressure on soy and corn.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.