
As of Nov. 1, 66% of Iowa's corn and 90% of its soybeans had been harvested, according to USDA's weekly Crop Progress report.
Corn harvest is 13 points behind the five-year average, while soybean harvest is on par, and rain fell somewhere in Iowa every day of the period.
Corn harvest delays in Iowa are modest and soybean harvest is on pace, so supply pressure is largely routine. The result is limited price impact on corn and soybeans for feed buyers.
After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.