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USDA forecasts 2020 net cash farm income at $109.6 billion, down from $120.4 billion in 2019, as trade-war compensation winds down. Production expenses are expected to rise $10.4 billion, while net farm income is forecast up 3.3%.
Lower farm cash income may slow farmer spending and crop input purchases, while the trade easing reflects better export prospects for grains and oilseeds.
stateline.orgFeb 5, 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.
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.
