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An MFA agronomy column reviewed 2023 crop results, with corn yields from 100 to nearly 300 bushels per acre and test weights down. Soybean yields were mostly in the mid-to-upper 50s, aided by August rains.
Early charcoal rot also appeared after dry conditions in spring.
Mixed yields and some disease losses point to a variable supply picture, with limited direct price impact.
fh.todaysfarmermagazine.comDoug SpaunhorstDec 1, 2023After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.
