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Red River Valley farmers in North Dakota and Minnesota had high yields in 2016 despite low prices and damaging weather. Both states expect record corn, soybean and sugar beet crops, with North Dakota corn forecast at 501 million bushels.
Record regional corn and soybean crops add to ample US supplies, reinforcing downward pressure on feed grain prices.
grandforksherald.com2d agoDec 1, 2016After 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.
