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An Iowa State survey found subsoil moisture in northwest Iowa improved at nearly all sites compared with fall 2020, after August to November rainfall replenished soils that had been in drought. Most sites are at or above long-term November averages.
Recharged subsoil lowers the risk of drought stress for the next crop, which is mildly bearish for corn and soybean prices.
crops.extension.iastate.eduContent Author: Gentry Sorenson, Joel DeJongDec 6, 2021After 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, SOY 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.
