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The USDA's Iowa crop progress report for the week ending November 1 shows 66% of corn harvested, 13 points behind the five-year average, and 90% of soybeans harvested, on par with average. Rain fell somewhere in Iowa every day that week, and temperatures ran well above normal.
Corn harvest lagging in Iowa, the top corn state, slows deliveries to market and can support nearby cash bids, while soybean harvest is on pace.
communitynewspapergroup.comNov 3, 2026After 1,039 past bullish report events, CORN moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
