Loading…
Early takeaways from the annual crop tour suggest US corn yields are falling short of 2021 levels but may not rule out a record crop. Analysts note that cooler August temperatures could help corn kernels fill and increase yields.
Yield prospects near record levels point to ample corn and soybean supplies, which tends to pressure feed grain prices.
reuters.comKaren BraunAug 27, 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 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.
