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farmdoc daily opens a series on the long-running problem of falling farm prices and incomes when costs do not fall as quickly. It notes a continuing resolution funds the government through December without reauthorizing the Farm Bill, and that crop prices have declined during the final months of the marketing year.
Lower crop prices and weak farm margins affect planting and marketing decisions, but this is commentary on existing price weakness rather than a new supply or demand shock.
farmdocdaily.illinois.eduHongxia JiaoSep 27, 2024After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
