# Farmers look to Washington for inflation pressure relief - Marketplace

> Illinois Farm Bureau president and hog farmer Brian Duncan discussed farm economics in an interview, citing a 40 to 60% drop in corn and soybean prices and uncertainty over the farm bill and Federal Reserve rate decisions. He noted that weather is currently good.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28773-farmers-look-to-washington-for-inflation-pressure-relief-marketplace
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower crop prices and high input costs pressure farm margins, while expected Fed rate decisions could influence currency and financing conditions for feed commodities.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | -10.7% | -8.4% |
| CORN | 2022-07-26 | [Inflation-Hit Consumers Are Trading Down to Chicken From Beef - Bloomberg](https://feedsoft.ai/events/40642-inflation-hit-consumers-are-trading-down-to-chicken-from-beef-bloomberg.md) | +6.6% | +4.6% |
| CORN | 2020-03-09 | [The Sprout: Agriculture futures slip as stock market falls in reaction to oil price drop - iPolitics](https://feedsoft.ai/events/11276-the-sprout-agriculture-futures-slip-as-stock-market-falls-in-reaction-to-oil.md) | +0.3% | -1.7% |
| CORN | 2022-07-25 | [Fed fallout looms for market](https://feedsoft.ai/events/40514-fed-fallout-looms-for-market.md) | -0.8% | +3.7% |
| CORN | 2020-03-30 | [Ethanol Market Is Disturbing to American Farmers. And Now There's Covid-19.](https://feedsoft.ai/events/54231-ethanol-market-is-disturbing-to-american-farmers-and-now-there-s-covid-19.md) | +3.6% | -5.7% |
| SOY | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | -11.9% | +6.2% |
| SOY | 2020-01-28 | [Soybean market looking for good news \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/55165-soybean-market-looking-for-good-news-an-official-publication-of-michigan-farm.md) | -2.3% | -2.0% |
| SOY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | -3.4% | -6.6% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2024/08/21/farmers-farm-bill-washington-tariffs-inflation-costs

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