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DTN reports US crop development is far behind average, with 35% of corn silking and 40% of soybeans blooming. Farmers report a wet spring that flooded fields and stalled planting, and now need more rain, while insect and disease pressure grows on late-planted fields.
Late development and rising yield uncertainty for an unprecedented season support corn and soybean prices and the outlook for feed grain supplies.
dtnpf.comEmily UnglesbeeJul 26, 2019After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
