Nebraska producers made further harvest progress in the week ending November 1, with 4.6 suitable days for fieldwork. Corn was 66% harvested versus a 75% five-year average, soybeans 84% versus 88%, and sorghum 42% versus 71%.
Winter wheat planting was ahead of average and 67% of the crop was rated good to excellent.
Slow harvest in a major corn and soybean state is a minor supply-timing factor, since the crop is largely already set and yields are not changing. It has little direct price effect on its own, though delayed deliveries can briefly support nearby basis.
After 768 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
Not enough comparable past events yet for a historical read.
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.