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Brownfield reports that some northwest Missouri and northeast Kansas fields had drought-damaged corn while nearby soybeans performed well after late-summer rains. Flooding also hit some fields and ground intended for wheat seeding.
Localized drought losses in corn combined with strong soybean yields shape the supply balance for feed grains and meal.
brownfieldagnews.comTom SteeverOct 22, 2018After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
