
USDA's November report lowered Arkansas corn yield from 193 to 190 bushels per acre and soybean yield from 59 to 56 bushels, while still projecting state records. NASS also cut Arkansas peanut yield to 4,600 pounds per acre and raised rice slightly.
Soybean pod counts were below last year in six of 11 surveyed states.
A state-level cut is small compared with national totals, but it adds to the November downward revisions in US yields that support corn and soybean prices. Lower pod counts across states point to a weaker soybean crop.
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.
Not enough comparable past events yet for a historical read.
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.