# Federal Reserve: Observations on the Ag Economy- January 2019 - Farm Policy News

> The Federal Reserve's January 2019 Beige Book reported mixed agricultural conditions across districts, with drought largely absent in the Southeast. The Chicago district noted corn, soybean and wheat prices rose on U.S.-China trade talks and a Chinese soybean purchase, and government Market Facilitation Program payments supported farm income.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12391-federal-reserve-observations-on-the-ag-economy-january-2019-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The Beige Book reflects rising crop prices tied to trade optimism, which supports feed grain and soybean meal prices. Delayed government payments due to the shutdown could affect farm spending and feed demand.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-07-01 | [Federal Reserve: Observations on the Ag Economy- July 2019 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news.md) | +1.3% | +0.2% |
| CORN | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | -2.3% | -3.2% |
| CORN | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +1.8% | +23.6% |
| CORN | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | +2.8% | +25.3% |
| CORN | 2023-09-06 | [U.S. Agricultural Exports Forecast at $172.0 Billion in Fiscal Year 2024 - Farm Policy News](https://feedsoft.ai/events/14815-u-s-agricultural-exports-forecast-at-172-0-billion-in-fiscal-year-2024-farm.md) | -1.3% | -6.5% |
| SOY | 2019-07-01 | [Federal Reserve: Observations on the Ag Economy- July 2019 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news.md) | -2.7% | -1.6% |
| SOY | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | +1.6% | -0.5% |
| SOY | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +5.9% | +17.8% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2019/01/federal-reserve-observations-on-the-ag-economy-january-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.