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DTN analysis compares state soybean yields with the U.S. average over 5, 10 and 20-year periods. Illinois yields are improving relative to the nation, while North Dakota, Kansas, Michigan and Minnesota yields have declined relative to the U.S. average.
Shifting production toward lower-yielding northern and Plains states could tighten soybean supply over time and affect soybean meal and oil availability for feed.
dtnpf.comJoel KarlinApr 23, 2024After 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.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
