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A farm management analyst says 2020 crop profits varied widely by region, driven by derecho damage in central Iowa, late-season drought in parts of the Plains and Corn Belt, and excess rain in south-central Minnesota. Marketing decisions and government program payments also affected returns.
Uneven regional losses from weather reduce the producer selling pressure in some areas, while government payments cushion margins that influence feed purchasing decisions.
farmprogress.comKent ThiesseDec 8, 2020After 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.
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.
