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A Successful Farming article reviews factors shaping the 2022 US corn market. High crop-nutrient costs, which rose sharply as farmers bought inputs early, could reduce corn acres in favor of soybeans next spring.
Expected lower US corn plantings and higher fertilizer costs could tighten future corn supply and support prices, while shifting acres toward soybeans.
agriculture.comMike McGinnisDec 1, 2021After 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 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.
After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
