Loading…
A northeast Nebraska farmer reported disappointing soybean yields after hot, dry weather during pod fill in August cut 10 to 15 bushels per acre. Corn yields were surprisingly good after abundant July rain.
Soybean shortfalls in key states support soybean and meal prices, while good corn yields keep corn supplies comfortable.
brownfieldagnews.comBrent BarnettNov 24, 2023After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
