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A DTN analysis looks at whether U.S. corn and soybean yields will set more records in 2019. It notes the 2018 Illinois corn yield of 210 bushels per acre, nine bushels above the prior record, and that the U.S. set record national yields in four of the past five seasons.
Trend yield expectations for 2019 help set the outlook for corn and soybean supplies. Record yields would add to supply and pressure prices, but the piece is a forward-looking analysis rather than a price shock.
dtnpf.comJoel KarlinJan 30, 2019After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
