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Minnesota farmers finished harvest with yields below early-August expectations because of a lack of late-season rain. Statewide corn harvest was 63% complete and soybean harvest 96% complete, both well ahead of normal pace.
Below-expected yields in a major northern corn and soybean state tighten local supply, while fast harvest adds to near-term selling pressure.
dglobe.comJulie BuntjerOct 21, 2020After 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.
