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USDA's 2021 Crop Production Annual Summary showed record soybean yields in Illinois, Indiana and Iowa, and record corn yields in Indiana and Iowa. Illinois soybeans averaged 64 bu/acre, and Indiana corn averaged a record 195 bu/acre.
State-level records confirm the large national supply already reported, which keeps feed and crush supplies heavy. The state data add little new price pressure.
agrinews-pubs.comTom DoranJan 18, 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, SOY 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.
