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A northern Missouri farmer reported very uneven yields caused by drought during the growing season. Corn ranged from about 65 to 200 bushels per acre and some soybean fields made only 30 bushels.
Localized yield variability is a farm-level observation and has little direct effect on national balance sheets or prices.
brownfieldagnews.comTom SteeverNov 1, 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.
