Loading…
Farm and Dairy reports that improved weather let US corn harvest catch up to 49% complete, slightly ahead of average, while soybean harvest lagged at 53% versus 69% average. Iowa and Minnesota were slow, while Illinois and Ohio were ahead.
Faster corn harvest adds to available supply, while the soybean backlog keeps beans tight and supports soybean meal pricing.
farmanddairy.comMarlin ClarkOct 24, 2018After 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 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
