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NASS estimated South Dakota's 2023 average corn yield at 152 bushels per acre, up from 135 in 2022 and 2021. The state's soybean yield was estimated at 44 bushels per acre, above 2022 and 2021 levels but below the 2020 record.
Improved state yields add to a sizable 2023 harvest, a modestly bearish factor for corn and soybean prices.
farmforum.netKent ThiesseFeb 28, 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, Soybeans 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.
