
A southern Illinois farmer reports one of his best corn and soybean harvests ever despite flooding that took some acres in early July. Statewide USDA data show 86% of corn and 91% of soybeans harvested, both ahead of the five-year average pace.
Strong yields and ahead-of-pace harvests point to ample supply of corn and soybeans, which is mildly bearish for feed grain prices.
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.
After 788 past bearish report events, SOY 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.