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USDA-NASS data for Illinois show corn emergence at 89 percent, soybean planting at 90 percent, and winter wheat heading at 93 percent for the week ending May 27. Corn condition is rated 83 percent good to excellent, and topsoil moisture is 27 percent short or very short.
Planting ahead of last year and good crop condition point to adequate supply prospects, which weighs mildly on prices. Short topsoil moisture is a watch item if dryness persists.
qa.morningagclips.comAubreyMay 31, 2018After 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.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
