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Farm Futures' Feedback From The Field reports average corn yields near 167 bushels per acre, matching USDA, while soybeans are running 48.3 bushels, 1.4 above USDA. Late-season corn moisture and drying problems are reported in Iowa and Indiana.
Farmer-reported soybean yields above USDA suggest upside to supply, while wet late corn adds drying costs and possible quality issues, leaving the net price effect modest.
farmprogress.comBryce KnorrNov 11, 2019After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
