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An Missouri economist advises livestock producers to watch the USDA supply and demand report due October 12 for corn and soybean yield adjustments. He says yield estimates vary widely across regions this year.
Yield revisions in the USDA report will set the direction of feed grain and soymeal costs for livestock buyers.
brownfieldagnews.comMeghan GrebnerOct 11, 2023After 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.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
