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Michigan's corn yield is forecast at 160 bushels per acre and Ohio's at 168 bushels, with some Ohio growers expecting lower results. Dry weather in parts of Michigan reduced yields from August expectations.
State-level yield results are small contributors to the national corn balance and have little direct effect on prices.
farmprogress.comJennifer KielDec 3, 2020After 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.
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.
