Fundamentally Speaking

Seasonality of U.S. corn crop ratings from week 23 to week 39

Week 27 (mid-July) crop ratings for the U.S and the top 18 growing states and the 20 year average vs. how 2021 week 27 rating ranks over the past 20 years

U.S. large corn and soybean production states were dry in June 2021, while the U.S. Delta experienced wet conditions.

Change in U.S corn and soybean plantings from March intentions to June acreage report vs. June figures to final crop production report

Total combined corn and soybean area in North and South Dakota in 1000 acres and these figures as a percent of the total U.S. planted acreage of each crop

Highest, lowest, 2020 and average percent change in corn acreage from the March prospective plantings report to the June acreage figures along with the standard deviation of these changes from 2000 to 2020 for the top 18 producing states and the U.S.

Change in planted area for U.S. corn from the March intentions to the June acreage report vs. November soybean/December corn futures price ratio on April 1 and again on June 1

Percent that U.S., foreign and world corn yields deviate from 1990-2020 trend vs. the U.S. corn yield as percent of world and foreign corn yields

U.S. spring wheat ratings as of the middle of June (week 23) and end of July (week 30) vs. the percent that July and final yields deviate from 1986-2020 trend of final yields

Combined good and excellent ratings reported in the initial USDA weekly crop ratings for soybeans vs. percent the final U.S. soybean yield deviated from the 30-year trend.

Cumulative precipitation for the first five months of the year for the top 21 corn and soybean growing states

Five, ten and 20-year average of the top 18 corn producing states yields as a percent of the U.S. yield vs. "other" states that produce corn that are grouped together

First spring wheat crop rating of each year from 1986 to 2021 along with the rating seen the first week of August vs. percent the final spring wheat yield of each season deviated from the 35-year trend

World total oilseed and soybean stocks-to-use ratios vs. the total world vegetable oil and soybean oil stocks-to-use ratios

U.S. wheat export sales on the books as of the second week in May in million bushels vs. percent of the first USDA export projection for the new marketing year in May

USDA's old and new crop U.S. corn stocks-to-use ratios in the May WASDE report vs. the change in both the old and new crop U.S. corn stocks-to-use ratios from the May to November WASDE reports

U.S. corn planted area for each of the top 18 producing states for four time slots (2000, 2010, 2020 and the 3/31/2021 planting intention figures) vs. the end of April Palmer Drought Severity Index (PDSI) for 2020 and 2021.

First oat crop rating of each year from 1996 to 2021 along with the rating seen the last week of July vs. percent that the final oat yield of each season deviated from the 25-year trend.

Both corn and soybean plantings are running ahead of schedule. That would set expectations for large increases in acreage for both above the prospective planting figures.

Net April price action for spot corn, soybeans and wheat