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The USDA NASS released estimated 2021 county yields for corn and soybeans. Iowa, Nebraska and Wisconsin set statewide yield records, while the Dakotas and parts of Minnesota fell well short due to drought.
Uneven 2021 yields in the Upper Midwest confirm the crop size already reflected in prices, so the release gives little new directional signal for feed costs.
minnstarbank.comKent ThiesseMar 7, 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.
