USDA reported that U.S. corn harvest was 81% complete as of November 8, below the five-year average of 86%. Soybean harvest reached 92%, slightly above its five-year average of 91%; the article also reports cotton planting and harvest progress.
The slower-than-average corn harvest may delay the flow of newly harvested supplies, lending modest support to corn prices. Soybean harvest was near its normal pace, with limited price implications from the figures reported.
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 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.