Loading…
USDA projects 2020 US net farm income rose 43.1% to $119.6 billion, with net cash income at $134.1 billion, both the highest since 2013. The increase is driven mainly by record direct government payments of $46.5 billion.
Heavy government support supports farm liquidity and feed demand from producers, but it does not directly change supply or prices for feed commodities.
everycrsreport.comFeb 9, 2021After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
