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Farm Futures' grower survey shows average corn yields improved to 173 bpa, still more than 8 bpa below USDA's 181.3 estimate, while soybeans averaged 52.7 bpa. Growers report highly variable yields tied to drainage, rain, and hail.
Grower yields running below USDA's record corn estimate suggest the official figure may be overstated, which could limit how far corn prices fall.
farmprogress.comBryce Knorr 1Sep 24, 2018After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
