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Agweek's corn and soybean tour in South Dakota found drought across nearly the entire state, with yields varying widely by area. Corn yields could range from zero to 250 bushels per acre, and the statewide average is expected to suffer.
A weak South Dakota average reduces regional corn and soybean supply, adding modest support to feed grain prices.
agweek.comMichelle RookSep 18, 2021After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
