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High Plains Journal reports the USDA weekly crop progress for the week ending July 29 in Nebraska. Winter wheat harvest is 89 percent done, oats are 93 percent harvested, and corn and soybean conditions are mostly good to excellent.
Fast harvest progress and good crop ratings signal ample supply across grains, a mildly bearish factor for feed prices.
hpj.comHPJ StaffJul 31, 2018After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 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.
Not enough comparable past events yet for a historical read.
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.
