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Reuters columnist Karen Braun writes that US corn and soybean yields have been highly variable this summer, with crop condition scores at their lowest since the 2012 drought. She says market participants were caught in a consensus view ahead of the August USDA report.
Divergent field conditions and the USDA's yield surprise suggest yield risk remains open, which can keep corn and soybean prices supported or volatile into harvest.
reuters.comKaren BraunAug 15, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
