
USDA reported that U.S. soybean harvest reached 92% completion through November 8, ahead of the five-year average of 91%. Corn harvest reached 81%, behind its five-year average of 86%, while winter wheat planting was nearing completion at a pace just below average.
Soybean harvest running ahead of average may bring new-crop supplies to market sooner, while slower corn harvest could delay deliveries and provide modest support to nearby availability and prices.
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 1,040 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.