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A central Minnesota crop consultant rates corn and soybeans a 'B-minus' but describes highly variable yields, with many fields graded C or D after heat and drought. Late rains may help soybeans, while corn is shutting down.
Localized yield losses in Minnesota add to the Upper Midwest shortfall and support corn prices. Late rains that help beans are a partial offset for soybean supply.
agweek.comMikkel PatesAug 28, 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 324 past neutral weather events, Soybeans 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.
