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USDA's Economic Research Service reports that combined 2020/21 crop value of production forecasts for barley, corn, cotton, oats, rice, sorghum, soybeans, and wheat were revised up in September 2020 and May 2021 versus pre-pandemic February 2020 forecasts. The release is a chart and analysis of farm income.
Higher farm crop values signal stronger farm income and cash flow, but this is a retrospective income measure with little direct effect on near-term feed prices.
ers.usda.govOct 6, 2021Not enough comparable past events yet for a historical read.
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.
