# FAPRI Baseline: University of Missouri Analysts See Signs of Optimism in Agricultural Market Outlook

> FAPRI and University of Missouri baseline projections show 2021 net farm income falling to $112 billion from $121 billion in 2020, as lower government payments and higher costs outweigh higher sales. The analysis notes that Chinese import growth has driven recent strength in grain and oilseed markets. It also says U.S. exports and prices could exceed projections if China's buying continues.

- Date: 2021-03-14 · published 2021-03-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5123-fapri-baseline-university-of-missouri-analysts-see-signs-of-optimism-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sustained Chinese purchases are the main upside risk to U.S. corn and soybean exports and prices, although the baseline uses January data and does not reflect later policy changes.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-08 | [Short-term outlook of agricultural markets: gradual but fragile return to stability - Agriculture and rural development](https://feedsoft.ai/events/27791-short-term-outlook-of-agricultural-markets-gradual-but-fragile-return-to.md) | -2.5% | -1.7% |
| CORN | 2020-11-23 | [Outlook for U.S. Agricultural Trade - WITA](https://feedsoft.ai/events/50016-outlook-for-u-s-agricultural-trade-wita.md) | -1.2% | -3.2% |
| CORN | 2021-09-29 | [FAPRI Releases U.S. Baseline Outlook Report Update](https://feedsoft.ai/events/11975-fapri-releases-u-s-baseline-outlook-report-update.md) | +1.6% | +2.0% |
| CORN | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.9% | +4.1% |
| CORN | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -0.4% | +0.5% |
| SOY | 2020-11-23 | [Outlook for U.S. Agricultural Trade - WITA](https://feedsoft.ai/events/50016-outlook-for-u-s-agricultural-trade-wita.md) | -1.1% | +5.3% |
| SOY | 2022-06-10 | [U.S. cuts soy supply outlook, raises corn, wheat stocks view in June WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/40893-u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde-agweek.md) | -3.4% | -7.2% |
| SOY | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.7% | -3.3% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/03/fapri-baseline-university-of-missouri-analysts-see-signs-of-optimism-in-agricultural-market-outlook/

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