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University of Minnesota variety trials showed strong 2022 corn yields, including 200 bushels per acre at Lamberton despite extreme drought in parts of the state. A university scientist said modern genetics and soil water-holding capacity helped yields hold up.
Resilient varieties and soils support a high yield outlook for future crops, which weighs on longer-term corn and soybean prices. The effect on near-term prices is small.
agweek.comJeff BeachDec 14, 2022After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
