
A StoneX customer yield survey projected higher US corn and soybean yields than earlier estimates, citing strong results in the northern Plains. Market commentary also noted that soybean prices will depend heavily on Brazilian weather, while an exceptionally strong El Niño was associated with mild US winter weather and heavy spring rains in South America.
Higher US yield expectations could increase corn and soybean supplies and weigh on prices. Rain supporting Brazilian soybean development may add to supply prospects, while favorable US winter weather may benefit wheat crops.
After 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, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.