Minnesota harvest is nearly finished, with 97% of soybeans and 82% of corn harvested as of Nov. 1, slightly behind the five-year averages.
Local buyers say the crop is better than expected despite a hot, dry growing season and lingering moderate drought in Pipestone County.
A decent but not spectacular regional crop with modest late delays adds little new supply pressure to feed grains, so the effect on prices is limited and mostly confined to local basis.
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, Soybeans 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.