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Farm Progress reports that Illinois corn averaged a record 201 bushels per acre in 2017 despite a wet April and a dry August. Agronomists credit higher yield potential, earlier planting and better management, and the state harvested more than 2 billion bushels.
The record 2017 Illinois crop is already known to the market, so the agronomic explanation has little effect on current corn prices.
farmprogress.comJill LoehrMar 23, 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.
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.
