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USDA's weekly Iowa crop progress report for the week ending Nov. 1 showed 90% of soybeans and 66% of corn harvested statewide.
Soybean harvest is on par with the five-year average while corn is 13 points behind, and local yields are running near record levels.
Harvest progress is routine seasonal information; a fast soybean pace and near-record yields point to ample supply, a mildly bearish factor for soybeans and corn prices.
radioonthego.comMitch WilliamsNov 3, 2026After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
