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USDA's Economic Research Service's September 2021 farm income forecast projects US net farm income up 19.5 percent to $113 billion in 2021, the highest inflation-adjusted level since 2013. Net cash income is forecast at $134.7 billion, up 21.5 percent, driven by higher corn and soybean receipts.
Strong farm incomes support producers' ability to pay for inputs and hold grain, and higher corn and soybean receipts reflect the price rally. The forecast reinforces the strength of the current crop price environment.
minnstarbank.comKent ThiesseOct 14, 2021After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), 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.
