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Iowa corn is forecast at 2.5 billion bushels, averaging 201 bushels per acre, up 24 bushels from last year, according to federal data. Soybeans in Iowa are forecast at 611 million bushels, averaging 61 bushels per acre.
Experts said the crops are heading for record yields despite a year of drought followed by a very wet October.
Large US corn and soybean supplies point to ample feed grain availability and downward pressure on prices heading into the marketing year.
thegazette.comErin MurphyNov 5, 2021After 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.
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.
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.
