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The April Prices Received Index rose 1.9% from March to 130.8, while the Prices Paid Index fell 0.2% to 139.7. Crop prices rose and livestock prices fell in April, and corn and soybean marketings declined.
The report is a routine monthly statistical summary.
Higher crop prices received and lower feed input prices in April modestly improve feed buyer margins, with little direct price impact.
keyagdashboardreport.blogspot.comMay 31, 2023After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
