# Federal Reserve: Observations on the Ag Economy- April 2021

> The Federal Reserve's April 2021 Beige Book reported that Chicago District agricultural prices rose, with corn and soybean prices higher and wheat lagging. Dry conditions set the stage for a fast planting season, and Atlanta District reported mixed conditions with abnormal dryness in some areas.

- Date: 2021-04-14 · published 2021-04-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn and soybean prices improve farm income and reflect tightening feed grain supply, while dry planting conditions raise yield risk.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | -2.3% | -3.2% |
| CORN | 2019-01-16 | [Federal Reserve: Observations on the Ag Economy- January 2019 - Farm Policy News](https://feedsoft.ai/events/12391-federal-reserve-observations-on-the-ag-economy-january-2019-farm-policy-news.md) | +1.2% | +2.8% |
| CORN | 2019-07-01 | [Federal Reserve: Observations on the Ag Economy- July 2019 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news.md) | +1.3% | +0.2% |
| CORN | 2023-08-24 | [High Plains Ag Week - 8/24/23 - Feed Grains Update - Ag Economics on the Plains](https://feedsoft.ai/events/34653-high-plains-ag-week-8-24-23-feed-grains-update-ag-economics-on-the-plains.md) | -2.8% | -8.9% |
| CORN | 2023-04-06 | [Grain Transportation Report, April 6, 2023](https://feedsoft.ai/events/36392-grain-transportation-report-april-6-2023.md) | -0.4% | -2.0% |
| SOY | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | +1.6% | -0.5% |
| SOY | 2019-01-16 | [Federal Reserve: Observations on the Ag Economy- January 2019 - Farm Policy News](https://feedsoft.ai/events/12391-federal-reserve-observations-on-the-ag-economy-january-2019-farm-policy-news.md) | +2.4% | +2.6% |
| SOY | 2019-07-01 | [Federal Reserve: Observations on the Ag Economy- July 2019 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news.md) | -2.7% | -1.6% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/04/federal-reserve-observations-on-the-ag-economy-april-2021/

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