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Farmers reporting yields in mid-November generally supported USDA's forecasts for corn and soybeans. Corn yields ranged from 65 bpa in southern Wisconsin to 245 bpa in northwestern Iowa, and soybean yields ran from 28 to 78 bpa.
Growers described the season as unusual and highly variable.
Farmer yield reports matching USDA's estimates confirm the large crop and give the market little reason to change its supply view. This keeps pressure on feed grain prices.
farmprogress.comBryce Knorr 1Nov 13, 2017After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
