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Final USDA figures show Illinois corn production fell 18.6% and soybean production fell 20.4% in 2019 compared with 2018. Record-wet planting and growing conditions caused the drop, with corn yields at 180 bushels per acre and soybeans at 54.
Illinois is a leading producer, so the state's sharp decline tightens regional supplies and supports prices, though the figures are largely known to the market.
capitolnewsillinois.comBen Orner, UIS Public Affairs Reporting (PARJan 11, 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, SOY 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.
