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Soybean crop development is running far ahead of normal, with 44% of the US crop setting pods, the highest share since USDA began national records in 1986. DTN compares early pod setting and crop conditions with final yield deviations from the 30-year trend.
The analysis suggests fast development does not guarantee strong yields.
Rapid pod setting is an analytical point rather than a supply shock, so the price impact is limited, though it hints at possible yield variability for soybeans and soybean meal.
dtnpf.comJoel KarlinJul 30, 2018After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
