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Illinois soybean yields rose from 58 bushels per acre in 2017 to 65 in 2018, and the 14 highest-yielding U.S. counties were all in Illinois. Weather, variety choice, management and soil were cited as the main drivers.
Strong 2018 soybean yields indicate ample old-crop supplies, a mildly bearish factor for soybean meal and feed costs. The story reports past results and does not signal a price move.
farmprogress.comAustin KeatingApr 5, 2019After 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.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
