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The DTN/Progressive Farmer Digital Yield Tour, run with Gro Intelligence in August, forecast record U.S. corn and soybean yields of 183.9 and 53.1 bushels per acre. The estimate did not fully capture losses from the August 10 derecho, which Gro estimates put at billions of bushels of potential production at risk.
Record yield forecasts point to ample supply, which is bearish, but derecho damage in the I states partly offsets that and supports prices.
dtnpf.comKatie Dehlinger, DTN Farm Business Editor, Emily Unglesbee, DTN Staff ReporterOct 1, 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, SOY 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.
