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Farmers across Iowa, Missouri and elsewhere describe 2019 as one of the most challenging growing seasons, with wet spring planting delays and a snowed-out harvest. Despite this, soybean yields in Iowa are coming in above expectations.
Stronger-than-expected soybean yields despite a difficult season offset supply concerns and keep the crop balance comfortable. The impact on feed prices is limited.
proag.comDec 27, 2019After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
