
Ohio's corn yield is forecast down 34% and soybean yield down 31% from last year, the lowest since 2008 according to USDA. A late planting start, shallow roots from wet spring soils, and a dry summer caused the shortfall, and corn in some fields faces stalk rot risk.
Sharp state-level losses in a major Corn Belt state tighten corn and soybean supplies and support feed grain prices.
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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.