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An University of Minnesota extension agronomist says high soybean yields are still attainable for Midwestern farmers finishing planting. Soybeans can still reach 90 to 95 percent of top-end yield through mid-May, but yield potential then declines about half a percent per day until June 1.
Yield potential slipping after mid-May is a modest supply concern that can support soybean prices if planting delays persist. The effect is gradual and mostly priced in.
brownfieldagnews.comMark DorenkampMay 21, 2018After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
