◂ Event Timeline

Dec 6, 2016REPORTUS

Record yields

Wisconsin corn and soybean farmers had record yields in 2016, with corn forecast at 180 bushels per acre, above the prior state record of 165. USDA's final state estimates are due January 12.

WHY IT MATTERS

Record Wisconsin output contributes to larger US corn supplies, which pressures corn and feed grain prices.

AFFECTSCorn▼Soybeans▼

SOURCE
farmprogress.comFran O'LearyDec 6, 2016

Price reaction & history

Corn▼bearishSO FAR1d +0.3%5d +1.5%20d -0.5%

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.

Aug 10, 2018USDA Sees Record Corn Yield in 2018-7.5%
Aug 12, 2020USDA forecasts record high corn, soybean yields+3.8%
Feb 28, 2017Record 2016 crop yields in Minnesota and Iowa+0.9%
Apr 6, 2017Brazil To Harvest Record Corn And Soybean Yields+0.6%
Jan 1, 2018Record Corn Yield Forecast Weakens Corn Prices+0.3%

Soybeans▼bearishSO FAR1d +0.4%5d -1.2%20d -3.6%

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 10, 2018USDA Sees Record Corn Yield in 2018-0.3%
Aug 12, 2020USDA forecasts record high corn, soybean yields+3.9%
Feb 28, 2017Record 2016 crop yields in Minnesota and Iowa+1.6%
Jul 16, 2021Brazil sees record soy, disappointing corn yields-2.2%
Apr 6, 2017Brazil To Harvest Record Corn And Soybean Yields+0.4%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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