Harvest price discovery values for corn, soybeans and wheat were above their spring crop insurance prices. The increases were 2.8% for corn, nearly 14% for soybeans and nearly 12% for wheat; higher values raise revenue guarantees for eligible Revenue Protection policies, though high production costs may still constrain farm profitability.
Higher harvest values increase insured revenue protection, but the report does not identify a new supply or demand shift that would independently move commodity prices.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.