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Purdue experts analyzed the USDA August Crop Production Report, released August 10. They concluded that several consecutive years of high production have caused oversupply, low prices and tight crop margins.
The panel also noted that planting was delayed by a cold spring before a rapid May catch-up.
Record yields and oversupply keep corn and soybean prices under pressure. Tight margins may limit farmers' ability to hold stocks and affect feed input costs.
ag.purdue.eduAug 1, 2018After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), 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.
