
USDA's final crop condition ratings showed 56% of corn and 57% of soybeans rated good to excellent. Pro Farmer regression analysis links those ratings to final yields, suggesting corn could land near 177.8 bushels per acre, below the 181.2 currently forecast.
If the regression holds, USDA's corn yield forecast looks high, which would tighten supply expectations and could support corn prices into the January report. The effect on soybeans is less clear from the text.
After 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.