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USDA NASS released final 2019 Illinois corn and soybean estimates on Feb. 20, showing harvested corn area of 10.2 million acres and a yield of 181 bushels per acre, down from 210 in 2018.
Corn production fell 19% year over year to 1.846 billion bushels.
A 19% drop in Illinois corn output confirms tighter 2019 supplies in a key producing state, supporting feed grain prices.
chronicleillinois.comJudy HarveyFeb 26, 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.
