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A farm management analyst says many upper Midwest farmers expect disappointing 2024 crop profits after excessive rain early in the season and dry weather later reduced yields in parts of southern Minnesota and northern Iowa. Crop insurance coverage and marketing positions also affected final farm returns.
Weak farm margins in the upper Midwest can reduce future planting and input spending, tightening longer-term feed grain supply and supporting prices over time.
agweek.comKent ThiesseDec 12, 2024After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
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.
