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NASS county data for 2022 show Illinois counties topping the national rankings for corn production and soybean yield. Piatt County led soybean yield at 74.2 bushels per acre, and Illinois had the top five counties for corn production.
Strong Illinois output adds to U.S. supply, which is mildly bearish, though high input costs limit the profitability gains from these yields.
farmprogress.comBetty HaynesMar 22, 2023After 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.
