Shocking New Records in Yield and Production Pummel Corn Futures

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Aug 12, 2024Soybean Futures Crumble Following Increased Acres, Record Yield and Production-8.7%
• Nov 10, 2023Yield, Production and Stocks Increase Sends Corn and Soy Lower Following November WASDE+2.4%
• Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+6.7%
• Sep 12, 2017USDA raises corn, soybean production, yield estimates - Brownfield Ag News+1.4%
• Mar 22, 2023Land of Lincoln leads in crop production, yield+0.1%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Sep 7, 2017Brazil expecting record corn production - Brownfield Ag News-1.8%
• Nov 10, 2023Yield, Production and Stocks Increase Sends Corn and Soy Lower Following November WASDE+0.0%
• Sep 12, 2023USDA Increases Corn Production, Lowers Yield-8.6%
• Nov 7, 2016US Corn Futures Weekly Price Outlook: Record Corn Yields?-2.6%
• Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+0.1%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Aug 12, 2024Soybean Futures Crumble Following Increased Acres, Record Yield and Production-6.5%
• May 23, 2023USDA forecasts record-large corn, soy production in 2023 | Food Business News-2.5%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+7.1%
• Aug 10, 2018USDA Sees Record Corn Yield in 2018+0.2%
• Oct 28, 2019Russian sunflower seed & soybeans: new record in production+0.2%

Not enough comparable past events yet for a historical read.