
DTN reports farmer perspectives on early corn and soybean yields as harvest begins, after a year of drought in parts of the Corn Belt and strong yields elsewhere. USDA's September estimates raised corn to 176.3 bpa and soybeans to 50.6 bpa, close to Gro Intelligence's tour estimates.
Regional divergence in yields keeps the national crop picture uncertain, and USDA's higher estimates weigh on corn and soybean prices.
After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.