# Federal Reserve: Observations on the Ag Economy- July 2020

> The Federal Reserve's July 2020 Beige Book reported weak agricultural conditions in the Atlanta district and cited COVID-19 pressure on farm incomes in the Chicago district. Corn and soybean prices rose after a USDA report showed smaller-than-expected corn plantings, and crop starts were good.

- Date: 2020-07-15 · published 2020-07-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller-than-expected corn acreage figure is supportive for corn and soybean prices, though good crop conditions limit the upside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +1.8% | +23.6% |
| 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 | 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 | 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 | 2025-07-02 | [In the 2024/25 MY, Ukraine reduced grain exports by 25%, the EU by 31%, the Russian Federation by 50%](https://feedsoft.ai/events/14192-in-the-2024-25-my-ukraine-reduced-grain-exports-by-25-the-eu-by-31-the-russian.md) | -3.1% | -4.1% |
| SOY | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +5.9% | +17.8% |
| 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% |
| 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% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2020/07/federal-reserve-observations-on-the-ag-economy-july-2020/

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