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Ohio farmers reported corn yields well above the USDA's 173 bpa estimate, with many harvesting 200-plus bpa. Soybean yields fell about four bushels from 2016.
Average prices were $3.50 per bushel for corn and $9.39 for soybeans, both lower than 2016.
Strong Ohio corn yields add to ample feed grain supply and point to lower corn prices. Weaker soybean yields offer only limited support for soybean prices.
farmprogress.comDec 22, 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 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
