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S Illinois | What were the USDA corn yields reported Aug-Nov.
Keep in mind none of those changed the carryout from last year crop either. So your argument is coming down to 1-2 bu corn yield change. Can you honestly say the markets would have acted differently if we had a 179.6 every month since Aug?
Edit: Also how much of that price runup was in anticipation of a below average SA crop due to the record El Niño. The market broke the same time as Brazil planting started and they got off to about the quickest start that they ever have. Normally that leads to steady or higher bean acreage and more importantly to the corn market a quicker safrina planting schedule. The market isn’t just a bu or 2 yeild change in the US.
Edited by w1891 11/10/2026 17:45
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November report
