
USDA's November estimates lowered Arkansas corn and soybean yields by three bushels an acre each and peanut yields by 100 pounds, while raising rice slightly and leaving cotton unchanged. Corn and soybean yields remain among the highest on record.
A small state-level downward revision to Arkansas yields has limited national impact, but it adds to the trend of lower USDA yield estimates that supports corn and soybean prices.
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.