Loading…
Growers still harvesting corn and soybeans reported lower yields and ratings in the final weeks of the season. Average November corn yield came in at 173.2 bpa, 2.2 bpa below USDA's Nov.
9 estimate, while soybeans averaged 50 bpa. Wet fields and late harvest were common complaints.
Yields coming in below the USDA estimate tighten the corn and soybean balance sheet slightly, which is mildly supportive for feed grain and meal prices. The effect is small because the national crop is still record-large.
farmprogress.comBryce Knorr 1Nov 27, 2017After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
