Indiana corn harvest reached 75% complete as of November 1, four points ahead of the five-year average, and soybean harvest reached 87%. Nationally, corn harvest reached 74%, still three points behind its five-year average of 77%.
Fast harvest progress adds to near-term supply availability in the US Corn Belt, a routine crop progress signal that is mildly bearish for corn and soybean prices.
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.
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.
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.