
Minnesota corn harvest was 88% complete, below the five-year average of 93%, while the soybean harvest was complete and sugarbeet harvest was 95% complete. Growers in south-central and southeastern Minnesota reported excellent corn and soybean yields, with some describing the crop as among their best.
Strong yields point to ample local corn and soybean availability, which can temper price pressure despite the slightly slower corn harvest pace. The harvest gap is modest and does not by itself indicate a significant supply disruption.
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.
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.