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University of Illinois agronomist Emerson Nafziger attributes record 2016 soybean yields to favorable weather, genetics and management. He notes Illinois soybean yields have risen about 4 bushels per acre per year over five years and expects gains to slow.
Record soybean output adds to ample supplies, a bearish factor for soybean and meal prices heading into 2017.
farmprogress.comJill LoehrDec 26, 2016After 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.
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.
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.
