# North American Harvest Report

> BMO's North American Harvest Report says global crop markets will stay oversupplied near term despite a leaner harvest. US composite crop yields are tracking about 3% below trend, the first sub-trend reading since 2013. Benchmark crop prices remain near decade lows.

- Date: 2019-11-26 · published 2019-11-26T12:00:00.000Z
- Category: report · region North America · magnitude medium
- Page: https://feedsoft.ai/events/55888-north-american-harvest-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Oversupply and trade hostilities stranding product in North America keep benchmark grain and oilseed prices weak, which lowers feed ingredient costs for buyers despite the smaller crop.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-12 | [USDA Releases May 2023 WASDE Report \| American Ag Network](https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network.md) | -8.7% | -8.7% |
| CORN | 2019-05-12 | [FAO: Record cereal harvests expected for South America in 2019](https://feedsoft.ai/events/59012-fao-record-cereal-harvests-expected-for-south-america-in-2019.md) | +6.9% | +11.9% |
| CORN | 2021-07-12 | [Report Recap](https://feedsoft.ai/events/46001-report-recap.md) | -6.7% | -7.2% |
| CORN | 2025-11-14 | [USDA Provides Fresh Data with November WASDE Report and Flash Sales Data \| American Ag Network](https://feedsoft.ai/events/21890-usda-provides-fresh-data-with-november-wasde-report-and-flash-sales-data.md) | -0.8% | -0.3% |
| CORN | 2016-11-11 | [Soybeans, corn down watching end of harvest, South America - Brownfield Ag News](https://feedsoft.ai/events/73884-soybeans-corn-down-watching-end-of-harvest-south-america-brownfield-ag-news.md) | -3.6% | -0.7% |
| SOY | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.1% | +2.3% |
| SOY | 2023-05-12 | [USDA Releases May 2023 WASDE Report \| American Ag Network](https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network.md) | -7.6% | -3.9% |
| SOY | 2019-05-12 | [FAO: Record cereal harvests expected for South America in 2019](https://feedsoft.ai/events/59012-fao-record-cereal-harvests-expected-for-south-america-in-2019.md) | +3.1% | +7.7% |

## Sources

- economics.bmo.com: https://economics.bmo.com/en/publications/detail/a0677713-c56f-4c5c-b2e4-cebc2d8ec76d/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.