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University of Illinois Extension agronomist Emerson Nafziger reports that corn and soybeans in Illinois look good with little yield potential lost so far. Corn is growing quickly on above-average growing degree days and is approaching tasseling.
He says the next few weeks will determine whether crops are average or very good.
Strong early-season growing conditions in key Corn Belt states point to ample supply, a mildly bearish factor for corn and soybean prices.
agriculture.comUniversity of IllinoisJun 15, 2018After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
