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DTN reports the U.S. corn and soybean harvest is running well ahead of its average pace, with nearly three-quarters of corn and 83% of soybeans harvested in late October. Many farmers are reporting solid yields despite a difficult year.
Fast harvest progress and decent yields add to near-term harvest supply pressure, which can cap cash bids even as fall rallies continue.
dtnpf.comEmily UnglesbeeOct 27, 2020After 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, Soybeans 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.
