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USDA's NASS released county-level 2016 yield estimates showing record corn yields of 193 bushels per acre in Minnesota and record soybean yields of 52.5 bushels per acre. Iowa and other Upper Midwest states also posted record yields, and Minnesota corn production was about 1.54 billion bushels.
Record old-crop yields add to available supply and weigh on feed grain and soybean prices, though most of the effect is already reflected in the market.
farmprogress.comKent TheisseFeb 28, 2017After 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.
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.
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.
