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Soybean growers in Kansas and surrounding areas report very dry conditions and yields well below normal. One producer estimated 11 to 14 bu/acre and found field-level yields down 41% to 47% from the long-term average.
Growing-season heat and moisture extremes have produced uneven results across the heartland.
Widespread yield losses in the Plains would tighten US soybean supplies and support soybean prices.
hpj.comTim UnruhSep 29, 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.
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.
