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DTN Ag Meteorologist Bryce Anderson reports that 2018 was a stormy year with bookend rains disrupting planting and harvest, and the late harvest was the most difficult since 2009. Producers described yields as good but not great, with the crop not appreciably smaller than expected.
Yields described as good rather than short suggest adequate US feed grain supplies, which limits upside price pressure on corn and soybeans.
dtnpf.comBryce AndersonDec 3, 2018After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
