As of November 1, U.S. corn harvest reached 74% completion, up 14 points in a week but behind the five-year average of 77%. Western Corn Belt states such as Iowa, Nebraska and South Dakota lagged most, while soybean harvest ran ahead of its average at 88%.
A slower corn harvest extends the period of farm marketing and elevator handling into November, which can briefly weigh on nearby cash bids. Dry topsoil in many areas is a secondary concern for winter wheat and next season's planting, but the immediate price effect is small.
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.
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.