USDA reported that 81% of the corn crop in the top 18 producing states had been harvested by November 8, five percentage points behind the five-year average. Soybean harvest was 92% complete, one point ahead of average, while winter wheat planting reached 89%, one point behind average; 76% of the winter wheat crop had emerged, above its average pace.
The slower corn harvest may temporarily delay the arrival of supplies, but the report does not indicate a production loss. Soybean harvest progress is slightly ahead of normal, and winter wheat emergence is also ahead of average.
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.
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.