The Farmer's Exchange Online Dairy Margin Reaches Highest Point of Year, but Still Below 2017

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

• Jun 24, 2022The Farmer's Exchange Online Cheese, Butter Prices for 2023 Reflect Stronger Demand for Milk-7.2%
• Jun 23, 2017The Farmer's Exchange Online USDA Sees Less Milk in 2017-18 and Raises Class 3 Price Forecast-4.0%
• Feb 26, 2019Higher dairy prices likely by the end of the year+8.5%
• Dec 6, 2019Dairy prices reach highest levels in five years+0.3%
• Jul 5, 2019Milk price down slightly from May but still highest since November 2017 | Dairy | leadertelegram.com+0.2%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Mar 8, 2019RFA Report: Distillers Grains Exports Reach Second-Highest on Record in 2018+0.8%
• Aug 16, 2023Ethanol production rises thanks to high crush margins : The Daily Digest+0.1%
• Feb 1, 2018China’s rice, soybean imports top the world in 2017 - People's Daily Online+0.6%
• Sep 11, 2021Argentina grains exchange trims soya harvest outlook - Markets - Business Recorder+0.1%
• Oct 19, 2017New harvest adds to large old-crop stocks, but use higher - Progressive Dairy | Ag Proud+0.4%