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Final USDA data show Iowa's 2017 corn yield averaged 202 bushels per acre, just below 2016, despite a dry June and July. Soybean yields averaged 56.5 bushels per acre.
Deep subsoil moisture helped many farms beat expectations.
Strong yields despite drought show the U.S. crop is resilient, which keeps corn and soymeal supplies comfortable and caps price upside.
farmprogress.comRod Swoboda 1Jan 26, 2018After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
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.
