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Iowa farmers are harvesting more than 200 bu/acre of corn despite widespread drought, with 77% of corn and 93% of soybeans harvested. The USDA projected Iowa corn yields near 199 bu/acre.
Strong Iowa yields despite drought point to ample corn supply, which weighs on feed grain prices.
desmoinesregister.comOct 31, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
