Fundamentally Speaking

Annual range in spot corn and soybean prices the lowest in years

Difference in yields of the three major crops (corn, soybeans and wheat) between the U.S. and the rest of the world.

Seasonality of the July-November soybean spread for the years 1990-2017

U.S. export sales and shipments as of the third week of November in both million bushels and as a percent of the November 2017 WASDE export projection

Pace of U.S. corn sales and shipments as of the third week of November as a percent of the November WASDE export projection

U.S. soybean export sales and shipments as of the third week in November in million bushels and as a percent of the November USDA WASDE export projections with the soybean figure being maintained at a record 2.250 billion bushels.

Percent 2017 yields (as measured by the November crop production report) for the top 18 corn growing states deviated from their respective 30 year averages

Corn yields in Iowa, specifically the percent that each year's actual corn yield deviated from the 30-year trend yield for corn vs. the percent that each year's July-September total rainfall was as a percent of the 1960-2017 average which is 11.81 inches of rain.

Monthly price ranges for October going back to 1977 for December corn and November soybean futures in $/bushel and that range as a percent of the month's settlement price.

Number of times since 1974 USDA has increased yields from the October to January crop report in years when it had already boosted the yield from the September to the October crop report

First USDA winter wheat crop rating vs. the percent that the first winter wheat yield estimate released in May deviates from the 30-year trend.

The somewhat bleak corn export situation could get a whole lot worse if the U.S. pulls out of NAFTA which would endanger our largest corn buyer Mexico. Actually, the U.S. has been losing its share of the world corn trade as this graphic shows and the same for oats and barley...

Since 1965 USDA has lowered soybean yield 21 times from Sep to Oct report and 11 of those times they have lowered yields from October into final report in January. More specifically 9 of those 21 years have a situation similar to this year where USDA increased yield from first...

The latest crop production data showed the U.S. corn/soybean yield ratio increasing this year vs. last but that is opposite the trend over the past number of years where soybean yields have gained on corn yields on a relative basis.

World stocks-to-use ratios show second highest soybean and wheat ratios ever and corn above the ten year average

September 2017 precipitation for the top 21 corn and soybean producing states

Crop conditions for top 18 corn states as of October 1st for this year, last year, 2017 as % of 2016 and 2017 as % of 1990-2016 average.

Percent of the U.S. corn crop that is mature as of September 24th vs. the percent that final yields deviated from the 30 year trend.

Percent change in the September WASDE old crop ending stock estimates for both corn and soybeans to the September 1st quarterly stocks figures.

Number of pods within an 18 square foot area for the 11 objective states vs. the implied soybean pod weight.