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Pro Farmer's Midwest crop tour recap puts national corn yield at 177.5 bushels per acre, well below USDA's near 182 bushels. It forecasts soybeans at 52.5 bushels per acre versus USDA's 53.3.
State estimates include Minnesota corn at 199 bushels and South Dakota corn at 164 bushels.
A private yield estimate well below USDA's record forecast suggests tighter corn and soybean supplies, supporting feed grain and meal prices.
rrfn.comDon WickAug 24, 2020After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
