Dakotas Increasingly Accounting for Larger Percent of US Corn, Soybean Production

After 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.

• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+1.6%
• Sep 1, 2022Conab forecasts increased soybean, corn, and cotton production in Brazil-1.8%
• Mar 1, 2017Argentina: Corn Areas Forecast Has Been Increased; Soybean Areas Forecast Has Been Decreased-0.7%
• Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+0.1%
• Sep 13, 2023Big gains projected in South Dakota corn and soybean production • South Dakota Searchlight-7.1%

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.

• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+0.9%
• Aug 12, 2022USDA Lowers Corn Production, Increases Soybean Production in August Reports-12.5%
• Sep 1, 2022Conab forecasts increased soybean, corn, and cotton production in Brazil-2.5%
• Aug 12, 2024Soybean Futures Crumble Following Increased Acres, Record Yield and Production-8.7%
• Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+6.7%