◂ Event Timeline

Oct 14, 2019WEATHERUS

Feedback From The Field - Oct. 14, 2019

Illinois farmers report highly variable yields, with corn averaging 167 bushels per acre, 1.4 below USDA, and soybeans averaging 48 bushels, 1.1 above USDA. The season began with floods, included drought in some areas, and ended with an October blizzard.

WHY IT MATTERS

Yields well below last year and a likely first below-normal crop in seven years point to tighter corn supplies, though grower reports came in close to USDA estimates.

AFFECTSCORN▲SOY◆

SOURCE
farmprogress.comBryce KnorrOct 14, 2019

Price reaction & history

CORN▲bullishSO FAR1d +0.5%5d -0.5%20d -2.1%

After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

Aug 14, 2017Feedback From The Field - August 14, 2017-2.0%
Nov 20, 2017Feedback From The Field - Nov. 20, 2017-0.8%
Jul 12, 2018Feedback From The Field - July 12, 2018+2.9%
Nov 27, 2017Feedback From The Field - Nov. 27, 2017+0.6%
Sep 25, 2017Feedback From The Field - Sept. 25, 2017+0.1%

SOY◆neutralSO FAR1d +0.5%5d -0.2%20d -1.8%

After 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.

Nov 20, 2017Feedback From The Field - Nov. 20, 2017+0.6%
Jul 12, 2018Feedback From The Field - July 12, 2018+1.5%
Jan 23, 2019Lessons learned from the 2018 growing season+1.1%
May 27, 2020Wet fields even wetter in 2019, 2020+0.4%
Sep 14, 2021After the Bell | September 14, 2021 - Pro Farmer-0.8%

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.

CORN · GP ▸

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SOY · GP ▸

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