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Prairie Farmer looks back at 2017, a season marked by floods, drought, dicamba injury and Japanese beetles. Despite the difficulties, yields were pleasantly surprising in many areas.
USDA's November forecast put Illinois corn at 198 bpa and soybeans at 58 bpa.
Illinois yields near record levels, with large projected production, support a bearish outlook for corn and soybeans. Feed buyers should expect ample supply.
farmprogress.comJill LoehrDec 14, 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.
