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Illinois corn and soybeans produced good to great yields in 2022 despite dry weather and crop stress in some areas. Planting was delayed by a cool, wet April, and June was markedly dry before July rains reached most of the state unevenly.
Rainfall patterns varied widely across regions.
Strong yields despite drought suggest Illinois supply was not materially cut in 2022, which limits any supply-driven price support for corn and soybeans.
farmdoc.illinois.eduGiovani Preza FontesFeb 17, 2023After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
