
Reuters reports that US corn and soybean producers faced acute margin pressure in late summer, with regional agricultural diesel prices up over 40% due to the Iran conflict and fertilizer costs elevated. Continuous corn futures broke above $5.00 per bushel during a monthly rally after the September WASDE cut corn yield estimates to 178.5 bu/acre.
Higher energy and input costs plus a tighter corn balance sheet support feed grain prices and raise the cost of feed production for buyers.
After 152 past macro events, WHEAT moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.1%), and -0.7% over 20.
After 123 past bullish macro events, SOY moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
After 151 past bullish macro events, CORN moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.