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DTN analyst Joel Karlin compares 2017 state corn and soybean yields with 25-year trends. The national corn yield was a record 175.4 bpa and soybeans came in at 49.5 bpa.
Dakotas, Minnesota, Michigan and Wisconsin fell below trend, while Tennessee, Kentucky, Missouri and North Carolina ran 15% or more above it.
A record national corn yield signals large supplies and bearish pressure on corn futures. Soybean yield weakness in the north reinforces the supply picture.
dtnpf.comJoel KarlinDec 21, 2017After 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.
