Loading…
USDA rated 65% of the US corn crop good to excellent as of June 20, down three points on the week and one point below analyst expectations. Iowa fell seven points to 56% good to excellent, and South Dakota was at just 34%.
USDA rated 60% of soybeans good to excellent, in line with expectations but ten points below last year.
Crop ratings below expectations in key Corn Belt states signal lower yield potential and support corn and soybean prices, especially with stocks already tight.
profarmer.comMeghan VickJun 21, 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.
