
The USDA crop progress report showed 90% of Iowa's soybeans harvested as of November 1, in line with the five-year average. Corn harvest reached 67%, 13 points behind the five-year average, with weather allowing strong fieldwork progress the prior week.
A lagging corn harvest is a modest timing issue for supply and marketing, while soybean harvest on pace keeps farm selling steady. Neither is a major price driver on its own.
After 770 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.
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.