◂ Event Timeline

Jul 12, 2018WEATHERUS

Feedback From The Field - July 12, 2018

Farm Futures' producer survey reports yield expectations ranging from excellent to very poor across the Corn Belt. Growers in Wisconsin and Illinois report strong crops, while Michigan, Missouri and eastern Iowa report dryness and heat stress, with Missouri corn described as a near-total loss by one farmer.

Parts of Missouri are in extreme drought.

WHY IT MATTERS

Mixed yield reports and localized drought losses add modest support to corn and soybean prices, though broad crop ratings remain strong.

AFFECTSCORN▲SOY◆

SOURCE
farmprogress.comBryce Knorr 1Jul 12, 2018

Price reaction & history

CORN▲bullishSO FAR1d +1.4%5d +2.9%20d +12.0%

After 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.

Oct 14, 2019Feedback From The Field - Oct. 14, 2019-0.5%
Nov 20, 2017Feedback From The Field - Nov. 20, 2017-0.8%
Nov 27, 2017Feedback From The Field - Nov. 27, 2017+0.6%
Sep 25, 2017Feedback From The Field - Sept. 25, 2017+0.1%
Aug 14, 2017Feedback From The Field - August 14, 2017-2.0%

SOY◆neutralSO FAR1d +0.0%5d +1.5%20d +7.7%

After 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.

Oct 14, 2019Feedback From The Field - Oct. 14, 2019-0.2%
Nov 20, 2017Feedback From The Field - Nov. 20, 2017+0.6%
Jan 23, 2019Lessons learned from the 2018 growing season+1.1%
Jul 12, 2017El Niño Outlook for July 2017-3.5%
Nov 1, 2018Missouri yields vary widely from field to field - Brownfield Ag News+3.4%

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.

CORN · GP ▸

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SOY · GP ▸

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