
Iowa has seen mostly drought conditions this growing season, yet USDA estimates show corn at 199 bushels per acre, down 1 bushel from last year, and soybeans at 58 bushels, down 0.5. Iowa State Extension explains how drought classification factors into these results.
Near-flat Iowa yields despite drought confirm a large corn and soybean supply, which keeps grain and meal prices under pressure.
After 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.