Loading…
Minnesota bank analyst Kent Thiesse reviews 2017 Upper Midwest crop production. Corn and soybean yields were above average in parts of the region for a third straight year, though weather was uneven in the Dakotas, Nebraska and parts of Minnesota.
Planting ran slightly late but was largely offset by a longer growing season.
Yields above average in several key areas add to the large US corn and soybean supplies that have kept prices subdued. Feed buyers should expect ample local supply.
farmprogress.comKent ThiesseDec 15, 2017After 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.
