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USDA's January crop production report put the 2019 US corn yield at 168.0 bushels per acre, the lowest since 2013. USDA will resurvey farmers in five northern states this spring because a significant share of corn and soybean acres went unharvested.
A low 2019 yield and uncertainty over harvested acreage tighten old-crop corn supplies, which supports feed grain prices.
dtnpf.comJoel KarlinFeb 7, 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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
