Loading…
USDA's September crop report projected record corn and soybean yields nationally and in Illinois and Indiana, based on September 1 conditions. Illinois corn was lowered 3 bushels to 222 bushels per acre, while Indiana corn was raised to 210 and Indiana soybeans to a record 63 bushels.
Record yield projections from USDA point to larger supplies of corn and soybeans, which typically pressures feed grain and meal prices.
agrinews-pubs.comTom DoranSep 24, 2024After 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.
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.
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.
