◂ Event Timeline

Dec 1, 2023REPORTUS

2023 Iowa Crop Progress Review, December 2023

The USDA Iowa field office's 2023 crop year review described warmer-than-normal temperatures and drought that pushed corn and soybean development ahead of average. Corn harvest reached 97% by November 19, about 10 days ahead of normal, and soybean harvest was also early.

WHY IT MATTERS

An early, orderly harvest with no major yield loss in Iowa has limited supply-side price pressure in the near term.

AFFECTSCorn◆Soybeans◆

SOURCE
publications.iowa.govDec 1, 2023

Price reaction & history

Corn◆neutralSO FAR1d +0.4%5d +2.4%20d +3.9%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Dec 9, 2024USDA publishes Iowa’s annual crop progress review | Southeast Iowa Union+1.9%
Dec 28, 2023Grain Transportation Report, December 28, 2023-2.1%
Apr 8, 2019Iowa’s 2018 yields beat the odds | Farm Progress-1.1%
Dec 13, 2021Market Report - 13 December 2021 | AHDB-0.1%
Oct 7, 2021Argentina Crop Progress and Condition-2.7%

Soybeans◆neutralSO FAR1d -1.3%5d -2.3%20d -3.7%

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.

Dec 9, 2024USDA publishes Iowa’s annual crop progress review | Southeast Iowa Union-0.6%
May 31, 2017CROP PROGRESS: Corn doing well in Iowa but less so in Illinois, Indian+1.2%
Dec 28, 2023Grain Transportation Report, December 28, 2023-4.2%
Apr 8, 2019Iowa’s 2018 yields beat the odds | Farm Progress-0.4%
Oct 7, 2021Argentina Crop Progress and Condition-3.8%

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.

Corn CORN · GP ▸

——— · ·

Soybeans SOY · GP ▸

——— · ·

Loading…