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An interview with University of Illinois economist Gary Schnitkey discusses 2018 corn and soybean yields, which were near record levels nationally. He notes that above-trend yields across all areas cannot be expected every year.
Near-record 2018 yields point to ample old-crop supplies, which is a mild bearish factor for feed grain prices. The caution about future yields offers limited support.
will.illinois.eduTodd E. GleasonApr 15, 2019After 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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
